Evening star., 1933-08-26
Text of Wheat Pact
Importers and Exporters Agree Not to Increase Grain
Production and to Help Stimulate Consump-
ton to Boost Prices.
BY the Associated Press.

| BY the Associated Press.
LONDON. August 26-The text o1
the wheat agreement signed here yes
| terday. follows:
The final act of the conference OF
| wheat exporting and importing coun.
| tries held in London August 21-28:
The governments of Germany, Aus
tria, Belgium. Bulgaria, France, the
United Kingdom, Great Britain, North
ern Ireland, Greece, Hungary, the Irish
Free State, Italy. Poland, Rumania
| Spain, Sweden. Switzerland, Soviet Rus
sia and Yugoslavia, having accepted the
invitation extended to them by the sec
retary-general of the World Economic
Conference in behalf of the govern
ments Of Argentina. Australia, Canada
and the United States of America tC
,, take part in a conference to consider
measures which might be taken in con-
cert to adjust the supply of wheat to
effective world demand, and to eliminate
the abnormal surpluses which have
! been depressing the wheat market and
to bring about rise and stabilizatio
OF prices at level remunerative to the
farmers and fair to the consumers OF
breadstuffs, have agreed as follows:
Article 1.
THE governments of the Argentine
Australia. Canada and the UnitAd States
OF America agree that the exports of
wheat from their several countries dur
ing the crop year August /, 1928 to July
81, 1884. shall be adjusted. taking into
consideration the exports of other coun-
tries, by the acceptance of export max
INA. liked on the assumption that the
world import demand for wheat will
amount during this period to $50 ,OOO,-
900 bushels.
Article III.
They further agree to limit their ex-
ports Of Wheat during the crop year of
August l, 1884, to July 81, 1885 to max
lmum f1gureS Is per cent less in the
case OF each country than the average
turnout on average acreage Scwn during
this period of l93l-l933 inclusive after
oeouctlng the normal domestic require
mants. The difference between the
effective world demand Tor wheat in
the crop year l934-35 and the quality OF
new wheat from the 1884 crop available
for export will be shared between Can
ada and the United States as a supple
mentary export ALLEGATION with a yleu
TO proportionate reduction of their re-
spective carry-overs.
Article 3,
Inc governments of Bulgaria. Hun
gary, Rumania and Yugoslavia agree
that their combined exports of wheat
during the crop year of August l. 1899
to July 81, 1884, will not exceed so :
OOO,OOO bushels. This undertaking will
De made on the understanding that the
aggregate may be increased to the
maximum of 54,OOo.OOO bushels if the
Danubian countries find such a supple
mentary quota is required for the move
ment OF the eXportable surplus of the
1888 crop.
Article 4.
They further agree that their COM
bined exports of wheat during the crop
year of l934-35 will not exceed a total
OF 50,0Oe,000 bushels. and recognize
that the acceptance of this export allo-
cation will not allow of any extension
OF the acreage sown to wheat.
Article 5.
"The U. S. S. R. tSoviet Russia)
while unable to give any undertaking
with regard to the production of wheat
agree to limit. their exports for the
crop year of 1933-34 to a figure which
will be arrived at Gpon the completion
OF negotiations with the governments
OF the overseas wheat-exporting coun-
tries. They also agree that the ques-
ton of their export wheat during the
crop year of 1934-35 shall be subject to
further negotiations with the wheat ex-
porting countries represented upon the
Advisory Committee
Article 6.
"The wheat t-importing countries, be-
ing desirous of cooperating with the
! wheat-eXporting countries in order to
establish a balance between production
and consumption of wheat and bring
about rise and stabiliZation of prices
at level remunerative to the former
and in accordance with the principles
approved by the Economic Commission
of the World Monetary and Economic
Conference in the report of the sub
commission for the coordination OF
production and marketing:
Il. Agree hencefOrth not to encour-
age any extension of the area sOwn to
wheat and not to take any government
measures, the effect of. which would be
to increase the domestic production of
wheat
80. Agree to adopt every possible
measure to increase the consumption OF
wheat and are prepared to bring about
progressive removal of measures which
tend to lower the quality of breadstuffs
and thereby increase human consump-
tion of wheat.
"3. Agree that substantial improve
ment in the price of wheat should have
as its consequence lowering of customs
tariffs and are prepared to begin such
adjustment of customs tariffs when the
international price of wheat reaches and
maintains for specified period an aver
age price to be fixed.
(Appendix A contains the agreed def
nitions relating to the technical points
mentioned in this paragraph)
1T is understood that the rate OF
xx,rrrur m nvN,r