352 OfficialJournaloftheEuropeanCommunities
17.4.72 OfficialJournaloftheEuropeanCommunities NoL90/1
COUNCILDECISION
of22March1972
ootheapprovaloftheFourthInternationalTinAgreement
(72/155/EEC)
THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropeanEconomicCommunity,andinparti­
cularArticle113thereof;
HavingregardtotheRecommendation fromtheCommission;
Whereason14December1970theCouncildecidedthattheCommunitywouldparticipate
intheInternationalTinAgreement,inaccordancewithArticleSOthereof;
WhereasthatAgreementwassignedonbehalfoftheEuropeanEconomicCommunityon27
January1971;whereasitisnowdesirabletoapproveit,
HASDECIDEDASFOLLOWS :
SoleArticle
TheFourthInternationalTinAgreement,thetextofwhichisannexedtothisDecision,is
herebyapprovedonbehalfoftheEuropeanEconomicCommunity.
ThePresidentoftheCouncilisherebyauthorizedtodesignatethepersontodepositthein­
strumentofapproval.
DoneatBrussels,22March1972.
FortheCouncil
ThePresident
G.THORN

OfficialJournaloftheEuropeanCommunities 353
FOURTHINTERNATIONAL TINAGREEMENT
PREAMBLE
THECONTRACTING GOVERNMENTS ,
recognizing :
(a)Thatcommodityagreements,byhelpingtosecurestabilisationofpricesandsteadydeve­
lopmentofexportearningsandofprimarycommoditymarkets,cansignificantlyassist
economicgrowth,especiallyindevelopingproducingcountries;
(b)Thevalueofcontinuedcooperationbetweenproducingandconsumingcountries,within
theframeworkofthebasicprinciplesandobjectivesoftheUnitedNationsConferenceon
TradeandDevelopmentbymeansofaninternationalcommodityagreement,tohelpto
resolveproblemsrelevanttotin;
(c)Theexceptionalimportanceoftintonumerouscountrieswhoseeconomyisheavilyde­
pendentuponfavourableandequitableconditionsforitsproduction,consumptionor
trade;
(d)Theneedtoprotectandfosterthehealthandgrowthofthetinindustry,especiallyinthe
developingproducingcountries,andsotoensureadequatesuppliesoftintosafeguardthe
interestsofconsumersintheimportingcountries;
(e)Theimportancetotin-producingcountriesofmaintainingandexpandingtheirimport
purchasingpower;and
(0Thedesirabilityofachievingtheexpansionoftinconsumption inbothdevelopingand
industrializedcountries;
HAVEAGREEDASFOLLOWS :
CHAPTER I:
OBJECTIVES
Article1
Objectives
TheobjectivesofthisAgreementare:increaseintheproductionoftinandafairdistribu­
tionoftinmetalinordertomitigateseriousdifficul-•
tieswhichconsumingcountriesmightencounter;
(g)Intheeventofasurplusofsuppliesoftinoccurring
orbeingexpectedtooccur,totakestepstomitigate
seriousdifficultieswhichproducingcountriesmight
encounter ;
(h)Toreviewdisposalsofnon-commercial stocksoftin
byGovernments andtotakestepswhichwould
avoidanyuncertaintiesanddifficultieswhichmight
arise;
(i)Tokeepunderreviewtheneedforthedevelopment
andexploitationofnewdepositsoftinandforthe
promotion,through,interalia,thetechnicalandfi­
nancialassistanceresourcesoftheUnitedNations
andotherorganizations withintheUnitedNations
system,ofthemostefficientmethodsofmining,con­
centrationandsmeltingoftinores;and
(j)TocontinuetheworkoftheInternationalTinCoun­
cilundertheFirst,SecondandThirdInternational
TinAgreements .(a)Tcprovideforadjustmentbetweenworldproduction
andconsumptionoftinandtoalleviateseriousdiffi­
cultiesarisingfromsurplusorshortageoftin;
(b)Topreventexcessivefluctuationsinthepriceoftin
andinexportearningsfromtin;
(c)Tomakearrangements whichwillhelptoincrease
theexportearningsfromtin,especiallythoseofthe
developingproducingcountries,therebyhelpingto
providesuchcountrieswithresourcesforaccelerated
economicgrowthandsocialdevelopment ,whileat
thesametimetakingintoaccounttheinterestsof
consumersinimportingcountries;
(d)Toensureconditionswhichwillhelptoachievea
dynamicandrisingrateofproductionoftinonthe
basisofaremunerativereturntoproducers,which
willhelptosecureanadequatesupplyatpricesfair
toconsumersandtoprovidealong-termequilib­
riumbetweenproductionandconsumption ;
(e)Topreventwidespreadunemployment orun­
der-employment andotherseriousdifficultieswhich
mayresultfrommaladjustments betweenthesupply
ofandthedemandfortin;
(0Intheeventofashortageofsuppliesoftinoccurring
orbeingexpectedtooccur,totakestepstosecureanCHAPTERII:
DEFINITIONS
Article2
Definitions
ForthepurposesofthisAgreement :
Tinmeanstinmetal,anyotherrefinedtinorthetincon­
tentofconcentrates ortinorewhichhasbeenextracted

354 OfficialJournaloftheEuropeanCommunities
intoforceisprovisionalinaccordancewithArticle47or
definitiveinaccordancewithArticle46.
Controlperiodmeansaperiodwhichhasbeensode­
claredbytheCouncilandforwhichatotalpermissible
exporttonnagehasbeenfixed.
Quartermeansacalendarquarterbeginningon1Janu­
ary,1April,1Julyor1October.
Financialyearmeansaperiodofoneyearbeginningon
1Julyandendingon30Juneofthenextyear.
CHAPTERIII:
MEMBERSHIP INTHECOUNCIL
Article3
ParticipationintheCouncil
EachContractingGovernmentshallconstituteasingle
memberoftheCouncil,exceptasotherwiseprovidedin
Article49.
Article4
Categoriesofparticipantsfromitsnaturaloccurrence .Forthepurposesofthisde­
finition,'ore'shallbedeemedtoexclude
(a)materialwhichhasbeenextractedfromtheorebody
forapurposeotherthanthatofbeingdressedand
(b)materialwhichisdiscardedintheprocessofdress­
ing.
Tinmetalmeansrefinedtinofgoodmerchantablequali­
tyassayingnotlessthan99.75%.
Bufferstockmeansthebufferstockestablishedandoper­
atedinaccordancewiththeprovisionsofChapterVIII
ofthisAgreement.
Tinmetalheldmeansthemetalholdingofthebuffer
stock,includingmetalwhichhasbeenboughtforthe
bufferstockbutnotyetreceived,andexcludingmetal
whichhasbeensoldfromthebufferstockbutnotyet
delivered,bytheManagerofthebufferstock.
Tonmeansametricton,i.e.1000kilogrammes .
Netexportsmeanstheamountexportedinthecircum­
stancessetoutinpartoneofannexCtothisAgreement
lesstheamountimportedasdeterminedinaccordance
withparttwoofthesameannex.
ParticipatingcountrymeansacountrywhoseGovern­
menthasratified,approvedoracceptedthisAgreement,
orgivennotificationofintentiontoratify,approveor
acceptit,oraccededtoit,oranyterritoryorterritories
whoseseparateparticipationhastakeneffectunderArti­
cle49,or,asthecontextmayrequire,theGovernmentof
suchcountryorofsuchterritoryorterritoriesthem­
selves.
Producingcountrymeansaparticipatingcountrywhich
theCouncilhasdeclared,withtheconsentofthatcoun­
try,tobeaproducingcountry.
Consumingcountrymeansaparticipatingcountry
whichtheCouncilhasdeclared,withtheconsentofthat
country,tobeaconsumingcountry.
Contributingcountrymeansaparticipatingcountry
whichhascontributions inthebufferstock.
Simplemajoritymeansamajorityofthevotescastby
participatingcountriescountedtogether.
Simpledistributedmajoritymeansamajorityofthe
votescastbyproducingcountriesandamajorityofthe
votescastbyconsumingcountries,countedseparately.
Two-thirdsdistributedmajoritymeansatwo-thirds
majorityofthevotescastbyproducingcountriesanda
two-thirdsmajorityofthevotescastbyconsuming
countries,countedseparately.
Entryintoforcemeans,exceptwhenqualified,theinitial
entryintoforceofthisAgreement,whethersuchentry(a)EachmemberoftheCouncilshallbedeclaredbythe
Council,withtheconsentofthecountryconcerned,
tobeaproducingoraconsumingcountry,assoon
aspossibleafterreceiptbytheCouncilofnotice
fromthedepositaryGovernmentthatsuchmember
hasdepositeditsinstrumentofratification,approval,
acceptanceoraccessionunderArticle45or48,or
notificationofintentiontoratify,approveoraccept
thisAgreementunderArticle47.
(b)Themembershipofproducingcountriesandcons­
umingcountriesshallbebasedrespectivelyontheir
domesticmineproductionandtheirconsumptionof
tinmetalprovidedthat:
(i)Themembershipofaproducingcountrywhichis
asubstantialconsumeroftinmetalderivedfrom
itsowndomesticmineproductionshallwiththe
consentofthecountrybebasedonitsexportsof
tin;
(ii)Themembershipofaconsumingcountrywhich
producesfromitsowndomesticminesasubstan­
tialproportionofthetinitconsumesshallwith
theconsentofthecountrybebasedonitsim­
portsoftin.
(c)Initsinstrumentofratification,approval,acceptance
oraccessionorinitsnotificationofintentiontorati­
fy,approveoracceptthisAgreement,eachContract­
ingGovernmentmaystatethecategoryofpartici­
patingcountriestowhichitconsidersthatitshould
belong.
(d)AtthefirstmeetingoftheCouncilaftertheentry
intoforceoftheAgreement,theCouncilshalltake
thedecisionsnecessaryfortheapplicationofthis
articlebyamajorityofvotescastbytheparticipat­
ingcountrieslistedinAnnexAandbyamajorityof

OfficialJournaloftheEuropeanCommunities 355
Article7 votescastbytheparticipatingcountrieslistedin
AnnexB,thevotesbeingcountedseparatelyandvot­
ingrightsbeinginconformitywithAnnexesAandB
tothisAgreement .
Article5
ChangeofcategoryCompositionoftheInternationalTinCouncil
(a)TheCouncilshallbecomposedofalltheparticipat­
ingcountries.
(b)(i)Eachparticipatingcountryshallberepresented
intheCouncilbyonedelegate.Eachcountry
maydesignatealternatesandadviserstoattend
sessionsoftheCouncil.
(ii)Analternatedelegateshallbeempoweredtoact
andvoteonbehalfofthedelegateduringthetat­
ter'sabsenceorinotherspecialcircumstances .
Articles
PowersandfunctionsoftheCouncil
TheCouncil:(a)Wherethepositionofaparticipatingcountryhas
changedfromthatofaconsumingtothatofapro­
ducingcountry,orviceversa,theCouncilshall,on
therequestofthatcountryoronitsowninitiative
withthecountry'sconsent,considerthenewposition
anddeterminethetonnagesorpercentagesapplica­
ble.
(b)TheCouncilshalldeterminethedatewhenthetonn­
agesand/orpercentages ,asthecaseshallrequire,
whichithasarrivedatunderparagraph(a)ofthis
articleshallcomeintoeffect.
(c)Fromthedateofcomingintoeffectdeterminedby
theCouncilunderparagraph(b)theContracting
Governmentconcernedshallceasetoholdanyofthe
rightsandprivilegesin,ortobeboundbyanyofthe
obligationsunder,thisAgreementwhichpertainto
countriesinitspreviouscategoryandshallacquire
alltherightsandprivilegesin,andshallbeboundby
alloftheobligationsunder,thisAgreementwhich
pertaintocountriesinitsnewcategory:
Providedthat:
(i)Ifthechangeofcategoryisfromaproducing
countrytoaconsumingcountry,thecountry
whichhaschangedshallneverthelessretainits
rightstotherefundattheterminationofthis
Agreementofitsshareintheliquidationofthe
bufferstockinaccordancewithArticles30,31
and32;and
(ii)Ifthechangeofcategoryisfromaconsuming
countrytoaproducingcountry,theconditions
laiddownbytheCouncilforthecountrywhich
haschangedshallbeequitableasbetweenthe
countryandtheotherproducingcountriesal­
readyparticipatingintheAgreement .(a)Shallhavesuchpowersandperformsuchdutiesas
maybenecessaryfortheadministration andopera­
tionofthisAgreement;
(b)Shallestablishitsownrulesofprocedure;
(c)ShallreceivefromtheExecutiveChairman,when­
everitmayrequest,suchinformationwithregardto
theholdingsandoperationsofthebufferstockasit
considersnecessarytofulfilitsfunctionsunderthis
Agreement;
(d)Mayrequestparticipatingcountriestofurnishany
necessarydataconcerningproduction,consumption ,
internationaltradeandstocksandanyotherinfor­
mationnecessaryforthesatisfactoryadministration
ofthisAgreementnotinconsistentwiththenational
securityprovisionsaslaiddowninArticle41,and
thecountriesshallfurnishtothefullestextentpossi­
bletheinformationsorequested;
(e)Shall,atleastonceineveryquarter,estimatethe
probableproductionandconsumptionoftinduring
thefollowingquarter,anditmayconsidertheinflu­
enceofsuchotherfactorsasarerelevanttothetotal
statisticaltinpositionforthatperiod;
(0Shallmakearrangementsforthecontinuingstudyof
theshort-termandlong-termproblemsoftheworld
tinindustry;tothiseffectitshallundertakeorprom­
otesuchstudiesonproblemsofthetinindustryasit
deemsappropriate;
(g)Shallkeepitselfinformedofnewusesoftinandthe
developmentofsubstituteproductswhichmightre­
placetininitstraditionaluses;
(h)Shallencouragewiderparticipationinorganizations
devotedtoresearchaimedatpromotingthecon­
sumptionoftin;
(i)Hasthepowertoborrowforthepurposesofthe
Administrative AccountestablishedunderArticle
15;
(j)(i)Shallpublishaftertheendofeachfinancialyear
areportofitsactivitiesforthatyear;CHAPTER IV:
ORGANIZATION ANDADMINISTRATION
Article6
TheInternational TinCouncil
(a)TheInternationalTinCouncil(hereinaftercalledthe
Council),establishedbythepreviousInternational
TinAgreements,shallcontinueinbeingforthepur­
poseofadministeringtheFourthInternationalTin
Agreement,withthemembership ,powersandfunc­
tionsprovidedforinthisAgreement .
(b)TheseatoftheCouncilshallbeinLondon,unless
theCouncildecidesotherwise.

356 OfficialJournaloftheEuropeanCommunities
(d)TheExecutiveChairmanshallpresideovermeetings
oftheCouncil;heshallhavenovote.
(e)TheCouncilshallelectannuallyafirst
Vice-Chairman andasecondVice-Chairman ,cho­
senalternatelyeachfinancialyearfromamongthe
delegatesoftheproducingcountriesandthedele­
gatesoftheconsumingcountries.
(0IftheExecutiveChairmanistemporarilyabsent,he
shallbereplacedbythefirstVice-Chairman ,orif
necessarybythesecondVice-Chairman ,whoshall
onlyhavethedutytopresideovermeetingsunless
theCouncildecidesotherwise.IftheExecutive
Chairmanresignsorispermanentlyunabletoper­
formhisduties,theCouncilshallappointanew
ExecutiveChairman .
(g)WhenaVice-Chairman performsthedutiesofthe
ExecutiveChairmanheshallhavenovote;theright
tovoteofthecountryherepresentsmaybeexercised
inaccordancewiththeprovisionsofparagraphs
(b)(ii)ofArticle7and(c)ofArticle12.(ii)Shallpublishaftertheendofeachquarter(but
notearlierthanthreemonthsaftertheendofthat
quarter,intheabsenceofacontrarydecisionby
theCouncil)astatementshowingthetonnageof
tinmetalheldattheendofthatquarter;
(k)Mayappointsuchcommittees "asitconsidersneces­
sarytoassistitintheperformanceofitsfunctions,
andmaydrawuptheirtermsofreference;these
committeesmay,unlesstheCouncilotherwisede­
cides,establishtheirownrulesofprocedure;
(1)(i)Mayatanytime,byatwo-thirdsdistributed
majority,delegatetoanycommitteeanypower
whichtheCouncilmayexercisebyasimpledis­
tributedmajorityrotherthanthoserelatingto:
-assessmentofcontributions underArticle16,
-floorandceilingpricesunderArticles19and
20,
-assessmentofexportcontrolunderArticle33,
-actionintheeventofatinshortageunder
Article37;
(ii)Shall,byatwo-thirdsdistributedmajority,fix
themembershipandtermsofreferenceofany
suchcommittee;
(iii)Maybyasimplemajorityrevokeatanytime
anydelegationofpowerstoanysuchcommittee
ortheappointmentofanysuchcommittee;
(m)Shallmakewhateverarrangements areappropriate
forconsultationandcooperationwith:
(i)TheUnitedNations,itsappropriateorgans
(particularlytheUnitedNationsConferenceon
TradeandDevelopment),thespecializedagen­
cies,otherorganizationswithintheUnitedNa­
tionssystemandappropriateintergovernmental
organizations ;and
(ii)Non-participating countrieswhichareMembers
oftheUnitedNationsorofitsspecializedagen­
ciesorwhichwerepartiestothepreviousInter­
nationalTinAgreements .Article10
SessionsoftheCouncil
(a)TheCouncilshallholdatleastfoursessionsayear.
(b)ThedepositaryGovernmentshallcallthefirstmeet­
ingoftheCouncilunderthisAgreementinLondon.
Thismeetingshallbeginwithineightdaysafterentry
intoforceoftheAgreement .
(c)Meetingsshallbeconvened,attherequestofany
participatingcountryorasmayberequiredbythe
provisionsofthisAgreement,bytheExecutive
Chairmanor,afterconsultation withthefirst
Vice-Chairman ,andonhisbehalf,bytheSecretary
intheeventoftheincapacityoftheExecutiveChair­
man.MeetingsmayalsobeconvenedbytheExecu­
tiveChairmanathisdiscretion .
(d)Meetingsshall,unlessotherwisedecidedbythe
Council,beheldattheseatoftheCouncil.Exceptin
thecaseofmeetingsconvenedunderArticle29,at
leastsevendays'noticeofeachmeetingshallbe
given.
(e)Delegatesholdingtwo-thirdsofthetotalvotesofall
producingcountriesandtwo-thirdsofthetotalvotes
ofallconsumingcountriesshalltogetherconstitutea
quorumatanymeetingoftheCouncil.Ifforany
sessionoftheCouncil,thereisnotaquorumasde­
finedabove,afurthersessionshallbeconvenedafter
notlessthansevendays,atwhichdelegatesholding
morethan1000votesshalltogetherconstitutea
quorum.Articled
ExecutiveChairmanandVice-Chairman oftheCouncil
(a)TheCouncilshall,byatwo-thirdsdistributedma­
jorityandbyballot,appointanindependentExecu­
tiveChairman,whomaybeanationalofoneofthe
participatingcountries.TheappointmentoftheExe­
cutiveChairmanshallbeconsideredatthefirstses­
sionoftheCouncilaftertheentryintoforceofthis
Agreement .
(b)TheExecutiveChairmanshallnothavebeenactively
engagedinthetinindustryorinthetintradeduring
thefiveyearsprecedinghisappointmentandshall
complywiththeconditionssetoutinArticle13.
(c)TheExcecutiveChairmanshallholdofficeforsuch
periodandonsuchothertermsandconditionsasthe
Councilmaydetermine.Article11
Votes
(a)Theproducingcountriesshalltogetherhold1000
voteswhichshallbedistributedamongthemsothat
eachproducingcountryreceivesfiveinitialvotes
and,inaddition,aproportionasnearlyaspossible

OfficialJournaloftheEuropeanCommunities 357
(d)Noparticipatingcountryshallhavemorethan450
votes.
(e)Thereshallbenofractionalvotes.
Article12
VotingprocedureoftheCouncilequaltotheproportionwhichthepercentageofthat
countryaslistedinAnnexAoraspublishedfrom
timetotimeinaccordancewithparagraph(q)of
Article33bearstothetotalofthepercentagesofall
producingcountries.
(b)Theconsumingcountriesshalltogetherhold1000
votes,whichshallbedistributedamongthemsothat
eachconsumingcountryreceivesfiveinitialvotes
and,inaddition,aproportionasnearlyaspossible
equaltotheproportionwhichthetonnageofthat
countryaslistedinannexBbearstothetotalofthe
tonnagesofallconsumingcountries:
Providedthat:(a)EachmemberoftheCouncilshallbeentitledtocast
thenumberofvotesitholdsintheCouncil.When
voting,adelegateshallnotdividehisvotes.When
abstaining,adelegateshallbedeemednottohave
casthisvotes.
(b)DecisionsoftheCouncilshall,exceptwhenother­
wiseprovided,betakenbyasimpledistributedma­
jority.
(c)Anyparticipatingcountrymay,inaformsatisfacto­
rytotheCouncil,authorizeanyotherparticipating
countrytorepresentitsinterestsandtoexerciseits
votingrightsatanymeetingoftheCouncil.
Article13
TheStaffoftheCouncil(i)Iftherearemorethanthirtyconsumingcoun­
tries,theinitialvoteforeachconsumingcountry
shallbethehighestwholenumberconsistent
withtherequirementthatthetotalofallinitial
votesforallconsumingcountriesshallnotex­
ceed150;
(ii)IfanycountrynotlistedinAnnexBratifies,ap­
proves,accepts,givesnotificationofintentionto
ratify,approveoraccept,oraccedesto,this
Agreementasaconsumingcountry,orhas
changeditscategoryfromthatofaproducing
countrytothatofaconsumingcountryinac­
cordancewithArticle5ofthisAgreement,the
Councilshalldetermineandpublishatonnage
forthatcountry;thistonnageshalltakeeffect
uponthedatedecidedbytheCouncilforthe
purposesofthisarticleasifitwereoneofthe
tonnageslistedinAnnexB;
(iii)TheCouncilmayatitsfirstsessionreviseAnnex
BandshallpublishtherevisedAnnex,which
shallbeeffectiveforthepurposeofthisarticle
forthwith;and
(iv)Subsequently ,atmeetingstobeheldduringthe
secondquarterofeachcalendaryeartheCouncil
shallreviewthefiguresoftheconsumptionoftin
ofeachconsumingcountryforeachofthethree
precedingcalendaryearsandshallpublish
revisedtonnagesforeachconsumingcountryon
thebasisoftheaveragesofsuchfiguresofcon­
sumption,whichtonnagesshalltakeeffecton1
Julynextfollowingforthepurposesofthisarti­
cleasiftheywerethetonnageslistedinAnnexB.
(c)Where,byreasonofthefailureofoneormoreofthe
countrieslistedinAnnexAorAnnexBtoratify,
approveoraccept,orgivenotificationofintentionto
ratify,approveoracceptthisAgreement,orbyrea­
sonoftheoperationoftheprovisionsofthisAgree­
ment,orbyreasonofachangeinthecategoryofa
participatingCountry,thetotalofthevotesofthe
consumingcountriesoroftheproducingcountries
becomeslessthan1000,thebalanceofvotesshallbe
distributedamongotherconsumingorproducing
countries,asthecasemaybe,asnearlyinpropor­
tiontothevotestheyalreadyhold,lessineachcase
theinitialvotes,asisconsistentwiththerebeingno
fractionalvotes.(a)TheExecutiveChairmanappointedunderArticle9
shallberesponsibletotheCouncilfortheadminis­
trationandoperationofthisAgreementinaccord­
ancewiththedecisionsoftheCouncil.
(b)TheExecutiveChairmanshallalsoberesponsible
fortheadministration ofthesecretariatservicesand
staffattheCouncil'sseat.
(c)TheCouncilshallappointaSecretaryoftheCouncil
andaManageroftheBufferStock(hereinaftercalled
theManager)andshalldeterminethetermsand
conditionsofserviceofthosetwoofficers .
(d)TheCouncilshallgiveinstructionstotheExecutive
ChairmanastothemannerinwhichtheManageris
tocarryoutthedutieslaiddowninthisAgreement
aswellassuchadditionaldutiesastheCouncilmay
determine.
(e)TheExecutiveChairmanshallbeassistedbythe
staffconsiderednecessarybytheCouncil.Allstaff,
includingtheSecretaryoftheCouncilandtheMa­
nager,shallberesponsibletotheExecutiveChair­
man.Themethodofappointmentandtheconditions
ofemploymentofthestaffshallbeapprovedbythe
Council.
(f)TheExecutiveChairmanandthestaffoftheCouncil
maynothold,orshallceasetohold,anyfinancial
interestinthetinindustryorinthetintrade;they
shallnotseekorreceiveinstructionsregardingtheir
workortheirdutiesfromanyGovernmentorperson
orauthorityotherthantheCouncilorapersonact­
ingonbehalfoftheCouncilunderthetermsofthis
Agreement.
'(g)Noinformationconcerningtheoperationoradminis­
trationofthisAgreementshallberevealedbythe
ExecutiveChairman,theManagerorotherstaffof
theCouncil,exceptasmaybeauthorisedbythe
Councilorasisnecessaryfortheproperdischarge
oftheirdutiesunderthisAgreement­

358 OfficialJournaloftheEuropeanCommunities
CHAPTER V: ingcountriesunderthisAgreementandshallbe
broughtbytheManagerintotheBufferStock
Account.TheliabilityontheBufferStockAc­
countforanyothertypeofexpenditureshallbe
decidedbytheExecutiveChairman.
(b)TheCouncilshallnotberesponsiblefortheexpenses
ofdelegatestotheCouncilortheexpensesoftheir
alternatesandadvisers.
Article16
TheAdministrative AccountPRIVILEGES ANDIMMUNITIES
Article14
Privilegesandimmunities
(a)TheCouncilshallbeaccordedineachparticipating
countrysuchcurrencyexchangefacilitiesasmaybe
necessaryforthedischargeofitsfunctionsunderthis
Agreement.
(b)TheCouncilshallhavelegalpersonality .Itshallin
particularhavethecapacitytocontract,acquireand
disposeofmovableandimmovablepropertyandto
institutelegalproceedings .
(c)TheCouncilshallhaveineachparticipatingcountry,
totheextentconsistentwithitslaw,suchexemption
fromtaxationontheassets,incomeandotherpro­
pertyoftheCouncilasmaybenecessaryforthedis­
chargeofitsfunctionsunderthisAgreement.
(d)Thememberinwhoseterritorytheheadquartersof
theCouncilissituated(hereinafterreferredtoasthe
hostmember)shall,assoonaspossibleaftertheen­
tryintoforceoftheAgreement,concludewiththe
CouncilanagreementtobeapprovedbytheCouncil
relatingtothestatus,privilegesandimmunitiesof
theCouncil,ofitsExecutiveChairman,itsstaffand
expertsandofrepresentatives ofmemberswhilein
theterritoryofthehostmemberforthepurposeof
exercisingtheirfunctions.
(e)Theagreementenvisagedinparagraph(d)ofthisar­
ticleshallbeindependentofthisAgreementand
shallprescribetheconditionsforitsowntermina­
tion.
(0Thehostmembershallgrantexemptionfromtaxa­
tiononremuneration paidbytheCounciltoits
employeesotherthanthoseemployeeswhoareits
nationals.(a)TheCouncilshallatitsfirstsessionaftertheentry
intoforceofthisAgreementapprovethebudgetof
contributionsandexpenditureontheAdministrative
Accountfortheperiodbetweenthedateofentryinto
forceoftheAgreementandtheendofthefinancial
year.Thereafteritshallapproveasimilarannual
budgetforeachfinancialyear.Ifatanytimeduring
anyfinancialyear,becauseofunforeseencircum­
stanceswhichhavearisenorarelikelytoarise,the
balanceremainingintheAdministrative Accountis
likelytobeinadequatetomeettheadministrative
expensesoftheCouncil,theCouncilmayapprovea
necessarysupplementary budgetfortheremainderof
thatfinancialyear.
(b)UponthebasisofsuchbudgetstheCouncilshall
assessinsterlingthecontributiontotheAdminis­
trativeAccountofeachparticipatingcountry,which
shallbeliabletopayitsfullcontributiontothe
Counciluponnoticeofassessment.Eachparticipat­
ingcountryshallpayinrespectofeachvotewhichit
holdsintheCounciluponthedayofassessmentone
two-thousandth ofthetotalamountrequired,
providedthatnocountryshallcontributelessthan
£200sterlinginanyfinancialyear.
Article17
Paymentofcashcontributions CHAPTER VI:
FINANCE
Article15
Finance(a)CashpaymentstotheAdministrative Accountby
participatingcountriesunderArticles16and53
cashpaymentstotheBufferStockAccountbycon­
tributingcountriesunderArticles21,22and23,
cashpaymentsfromtheAdministrative Accountto
participatingcountriesunderArticleS3andcash
paymentsfromtheBufferStockAccounttocontri­
butingcountriesunderArticles21,22,23,31and32
shallbemadeinsterlingor,attheoptionofthe
countryconcerned,inanycurrencywhichisfreely
convertibleintosterlingontheLondonforeignex­
changemarket.
(b)Anyparticipatingcountrywhichfailstopayitscon­
tributionontheAdministrative Accountwithinsix
monthsofthedateofnoticeofassessmentmaybe
deprivedbytheCouncilofitsrighttovote.Ifsucha
countryfailstopayitscontributionwithintwelve
monthsofthedateofnoticeofassessment,the
Councilmaydepriveitofanyotherrightsunderthis
Agreement,providedthattheCouncilshall,onre­(a)(i)Thereshallbekepttwoaccounts-theAdminis­
trativeAccountandtheBufferStockAccount-
fortheadministration andoperationofthis
Agreement .
(ii)Theadministrative expensesoftheCouncil,in­
cludingtheremuneration oftheExecutive
Chairman,theSecretary,theManagerandthe
staff,shallbebroughtintotheAdministrative
Account.
(iii)Anyexpenditurewhichissolelyattributableto
bufferstocktransactionsoroperations,including
expensesforborrowingarrangements ,storage,
commissionandinsurance,shallbebornebythe
bufferstockcontributions payablebycontribut­

OfficialJournaloftheEuropeanCommunities - 359
ceiptofanysuchoutstandingcontribution,restoreto
thecountryconcernedtherightsofwhichithasbeen
deprivedunderthisparagraph.(ii)AnycountryinvitedtotheUnitedNationsTin
Conference,1970,mayalsomakeavoluntary
contribution tothebufferstockinaccordance
withArticle22.
(c)Forthepurposesofthisarticleanypartofacontri­
butionmadeincashshallbedeemedtobeequivalent
tothequantityoftinmetalwhichcouldhavebeen
purchasedatthefloorpriceineffectonthedateof
entryintoforceofthisAgreement.Article18
Auditandpublicationofaccounts
TheCouncilshallassoonaspossibleaftertheendof
eachfinancialyearpublishtheindependently audited
Administrative andBufferStockAccounts,providedthat
suchBufferStockAccountsshallnotbepublishedearlier
thanthreemonthsaftertheendofthefinancialyearto
whichtheyrelate.Article21
Compulsorycontributions
CHAPTERVII:
FLOORANDCEILINGPRICES
Article19
Floorandceilingprices
(a)ForthepurposesofthisAgreementthereshallbe
floorandceilingpricesfortinmetal.
(b)LTheinitialfloorandceilingpricesshallbethose
whichwereinforceundertheThirdAgreementat
thedateoftheterminationofthatAgreement.
(c)Therangebetweenthefloorandceilingpricesshall
bedividedintothreesectors.TheCouncilmayat
anymeetingdecidetheextentofeachoranyofthese
sectors.
(d)(i)TheCouncilshallatitsfirstsessionaftertheen­
tryintoforceofthisAgreementandfromtimeto
timethereafterorinaccordancewiththeprovi­
sionsofArticle29considerwhetherthefloor
andceilingpricesareappropriatefortheattain­
mentoftheobjectivesofthisAgreementand
-mayreviseeitherorbothofthem.
(ii)Insodoing,theCouncilshalltakeintoaccount
theshort-termdevelopments andmedium-term
trendsoftinproductionandconsumption ,the
existingcapacityformineproduction,theade­
quacyofthecurrentpricetomaintainsufficient
futuremineproductioncapacityandotherre­
levantfactors.
(e)TheCouncilsr.allpublishassoonaspossibleany
revisedfloorandceilingprice,includinganyprovi­
sional*orrevisedpricedeterminedunderArticle29
andanyreviseddivisionoftherange.(a)(i)Producingcountriesshallmakecontributionsto
thebufferstockamountingintheaggregateto
theequivalentof20000tonsoftinmetal.
(ii)Theequivalentof7500tonsofthisaggregate
contributioninsub-paragraph (i)shallbedueon
theentryintoforceoftheAgreementand,sub­
jecttotheprovisionsofsub-paragraph (iii),
shallbemadeonthedateofthefirstmeetingof
theCouncilunderthisAgreement .
(iii)TheCouncilshalldecidewhatportionsofthe
contributions tobemadeundersub-paragraphs
(i)or(ii)shallbecomedueincashorintinmetal.
Theproducingcountriesshallmakethepayment
ofthecashportiononthedatedeterminedbythe
Councilandthepaymentoftheportionintin
metalnotlaterthanthreemonthsfromthedate
ofsuchdecision.
(iv)AtanytimetheCouncilmaydeterminebywhich
dateordatesandinwhatinstalmentsthewhole
orpartofthebalancesoftheaggregatecontribu­
tionshallbemade.However,theCouncilmay
authorizetheExecutiveChairmantorequest
paymentofinstalmentsofthesebalancesatnot
lessthanfourteendays'notice.
(v)IfatanytimetheCouncilholdscashassetsin
theBufferStockAccountinexcessofthecontri­
butionsmadeundersub-paragraph (ii)andof
anyvoluntarycontributionmadeunderArticle
22theCouncilmayauthoriserefundsoutof
suchexcesstotheproducingcountriesinpropor­
tiontothecontributions theyhavemadeunder
thisarticle.Thebalancesreferredtoasdueunder
sub-paragraph (iv)shallbeincreasedbythe
amountofsuchrefunds.Attherequestofaprod­
ucingcountry,therefundtowhichitisentitled
mayberetainedinthebufferstock.
(b)Contributions dueinaccordancewithparagraph(a)
ofthisarticlemay,withtheconsentofthecontribut­
ingcountryconcerned,bemadebytransferfromthe
bufferstockheldundertheThirdAgreement.
(c)Thecontributionsreferredtoinparagraph(a)ofthis
articleshallbeapportionedamongtheproducing
countriesaccordingtothepercentagesinannexA,
asreviewedandre-determined atthefirstsessionof
theCouncilinaccordancewithparagraph(m)of
Article33.CHAPTERVIII:
THEBUFFERSTOCK
Article20
Establishment ofthebufferstock
(a)Abufferstockshallbeestablished .
(b)(i)Contributions tothebufferstockshallbemade
by.producingcountriesinaccordancewiththe
provisionsofArticle21.

360 OfficialJournaloftheEuropeanCommunities
ofthisarticleofthereceiptofanysuchvoluntary
contribution .
(c)Notwithstanding theconditionswhichshallhave
beenimposedunderparagraph(a)ofthisArticle,the
Councilmayrefundtoanycountrywhichhasmade
avoluntarycontributiontothebufferstockunder
paragraph(a)ofthisarticlethewholeoranypartof
suchcontribution .Ifsuchrefundorpartofsuchre­
fundismadeintinmetaltheCouncilmayattachto
thisrefundtheconditionswhichitdeemsnecessary.
Article23
Penalties(d)(i)IfonoraftertheentryintoforceofthisAgree­
mentacountrylistedinAnnexAratifies,ap­
provesoraccepts,orgivesnotificationofinten­
tiontoratify,approveoraccept,oraccedesto,
thisAgreement,orifaconsumingcountryhas
changeditscategorytothatofaproducingcoun­
tryinaccordancewithArticle5,thecontribution
ofthatcountryshallbedeterminedbytheCoun­
cilwithreferencetoitspercentageinAnnexA.
(ii)Contributions determinedundersub-paragraph
(i)shallbemadeonthedateofthedepositofthe
instrumentoronthedatedeterminedbythe
Councilunderparagraph(b)ofArticle5.
(iii)TheCouncilmaydirectrefunds,notexceedingin
theaggregatetheamountofanycontribution
receivedundersub-paragraph (i),tobemadeto
theotherproducingcountriesorconsuming
countries.IftheCouncildecidesthatsuchre­
fundsorpartsofsuchrefundsaretobemadein
tinmetal,itmayattachtotheserefundssuch
conditionsasitdeemsnecessary.Attherequest
ofaproducingcountry,therefundtowhichitis
entitledmayberetainedinthebufferstock.
(e)(i)Aproducingcountrywhichforthepurposeof
makingacontributionunderthisarticlewishes
toexporttinfromstockslyingwithinthatcoun­
trymayapplytotheCounciltobepermittedto
exportthetonnagesodesiredinadditiontoits
^permissibleexporttonnage,ifany,determined
underArticle33.
(ii)TheCouncilshallconsideranysuchapplication
andmayapproveitsubjecttosuchconditionsas
itdeemsnecessary.Subjecttotheseconditions
beingsatisfiedandtothefurnishingofsuchevi­
denceastheCouncilmayrequiretoidentifythe
metalorconcentratesexportedwiththetinmetal
deliveredtothebufferstock,paragraphs(n),(o)
and(p)ofArticle33shallnotapplytosuchex­
ports.
(0Contributions intinmetalmaybeacceptedbythe
Managerinwarehousesofficiallyapprovedbythe
LondonMetalExchangeoratsuchotherplaceor
placesasaredeterminedbytheCouncil.Thebrands
oftinsodeliveredshallbebrandsregisteredwithand
recognizedbytheLondonMetalExchange.(a)TheCouncilshalldeterminepenaltiestobeapplied
tocountrieswhichfailtomeettheirobligationsun­
derparagraph(a)(iv)ofArticle21.
(b)Ifaproducingcountrydoesnotfulfilitsobligations
underArticle21theCouncilmaydepriveitofany.
orallofitsrightsandprivilegesunderthisAgree­
mentandmayalsorequiretheremainingproducing
countriestomakegoodthedeficitincashorintin
metalorinboth.
(c)Ifapartofthedeficitistobemadegoodintinmetal,
theproducingcountrieswhicharemakinggoodthat
deficitshallbepermittedtoexporttheamountsre­
quiredoftheminadditiontoanypermissibleexport
amountsthatmayhavebeendeterminedunderArti­
cle33.Subjecttothefurnishingofsuchevidenceas
theCouncilmayrequiretoidentifythemetalorcon­
centratesexportedwiththetinmetaldeliveredtothe
bufferstock,paragraphs(n),(o)and(p)ofArticle33
shallnotapplytosuchexports.
(d)TheCouncilmayatanytimeandonsuchconditions
asitmaydetermine:
(i)Declarethatthedefaulthasbeenremedied;
(ii)Restoretherightsandprivilegesofthecountry
concerned;and
(iii)Refundtheadditionalcontributionsmadebythe
otherproducingcountriesunderparagraph(b)of
thisArticletogetherwithinterestataratewhich
shallbedeterminedbytheCouncil,takinginto
accountprevailinginternationalinterestrates,
providedthat,inrespectofthatpartoftheaddi­
tionalcontribution whichhasbeenmadeintin
metal,suchinterestshallbecalculatedonthe
basisofthecashequivalentatthesettlement
pricefortinmetalontheLondonMetalEx­
changeonthedateofthedecisionoftheCouncil
underparagraph(b)ofthisArticle.Ifsuchre­
fundsorpartsofsuchrefundsaremadeintin
metaltheCouncilmayattachtotheserefunds
theconditionswhichitdeemsnecessary.Article22
Voluntarycontributions
(a)AnycountryinvitedtotheUnitedNationsTinCon­
ference,1970,may,withtheconsentoftheCouncil
anduponconditionswhichshallincludeconditions
astorefund,makevoluntarycontributionstothe
bufferstockincashorintinmetalorinboth.Such
voluntarycontributionshallbeadditionaltothecon­
tributionsshowninparagraph(a)ofArticle21.
(b)TheExecutiveChairmanshallnotifytheparticipat­
ingcountriesandanynon-participating country
whichhasmadeacontributionunderparagraph(a)Article24
Borrowingfor(bufferstock
(a)TheCouncilmayborrowforthepurposesofthebuf­
ferstockanduponthesecurityoftinwarrantsheld

OfficialJournaloftheEuropeanCommunities 361
maybe)tinontheLondonMetalExchangehemay
by(orsell,asthecasemaybe)tinonanyotheres­
tablishedmarketfortin,providedthathemaynot
engageinforwardtransactionsunlessthesewillbe
completedbeforetheterminationofthisAgreement.bythebufferstocksuchsumorsumsasitdeems
necessaryprovidedthatthemaximumamountof
suchborrowingandthetermsandconditionsthereof
shallhavebeenapprovedbythemajorityofthe
votescastbyconsumingcountriesandallthevotes
castbyproducingcountries.
(b)TheCouncilmaybyatwo-thirdsdistributedmajori­
tymakeanyotherarrangementsitthinksfitforbor­
rowingforthepurposesofthebufferstock.
(c)Noobligationshallbelaiduponanyparticipating
countryunderthisarticlewithouttheconsentofthat
country.Article26
Article25
Operationofthebufferstock
(a)TheManagershall,inconformitywithArticle13
andwithintheprovisionsoftheAgreementandthe
frameworkofinstructionsoftheCouncilberespon­
sibletotheExecutiveChairmanfortheoperationof
thebufferstock.
(b)Forthepurposesofthisarticle,themarketpriceof
tinshallbethepriceofcashtinontheLondonMetal
ExchangeorsuchotherpriceorpricesastheCoun­
cilmayfromtimetotimedetermine.Restrictionorsuspensionofbufferstockoperations:
actionbytheCouncil
(a)Notwithstanding theprovisionsofsub-paragraphs
(ii)and(iv)ofparagraph(c)ofArticle25,theCoun­
cilmayrestrictorsuspendforwardtransactionsof
tinwhentheCouncilconsidersitnecessaryto
achievethepurposesofthisAgreement.
(b)Notwithstanding theprovisionsofsub-paragraphs
(i)and(v)ofparagraph(c)ofArticle25,theCoun­
cil,ifinsession,mayrestrictorsuspendtheopera­
tionsofthebufferstockif,initsopinion,thedis­
chargeoftheobligationslaidupontheManagerby
thosesub-paragraphs willnotachievethepurposes
ofthisAgreement.
(c)TheCouncilmayconfirmanyrestrictionorsuspen­
sionunderparagraph(a)ofArticle27or,wherea
restrictionorsuspensionhasbeenrevokedbythe
ExecutiveChairmanunderparagraph(b)ofArticle
27,mayrestoresuchrestrictionorsuspension.Ifthe
Councildoesnotcometoadecision,bufferstock
operationsshallberesumedorcontinuewithoutres­
triction,asthecasemaybe.
(d)Solongasanyrestrictionorsuspensionoftheopera­
tionsofthebufferstockdeterminedinaccordance
withthisarticleorArticle27remainsinforce,the
Councilshallreviewthisdecisionatintervalsofnot
longerthansixweeks.Ifatameetingtomakesucha
reviewtheCouncildoesnotcometoadecisionin
favourofthecontinuation oftherestrictionorsus­
pension,bufferstockoperationsshallberesumed.(c)Ifthemarketpriceoftin:
Article27(i)Isequaltoorgreaterthantheceilingpricethe
Managershall,unlessotherwiseinstructedbythe
Council,ifhehastinathisdisposalandsubject
toArticle26and27,offertinforsaleonthe
LondonMetalExchangeatthemarketprice,un­
tilthemarketpriceoftinfallsbelowtheceiling
priceorthetinathisdisposalisexhausted;
(ii)Isintheuppersectoroftherangebetweenthe
floorandceilingprices,theManagermayoper­
ateontheLondonMetalExchangeatthemarket
priceifheconsidersitnecessarytopreventthe
marketpricefromrisingtoosteeply,providedhe
isanetselleroftin;
(iii)Isinthemiddlesectoroftherangebetweenthe
floorandceilingprices,theManagermaybuy
and/orselltinonlyonspecialauthorizationby
theCouncil;
(iv)Isinthelowersectoroftherangebetweenthe
floorandceilingprices,theManagermayoper­
ateontheLondonMetalExchangeatthemarket
priceifheconsidersitnecessarytopreventthe
marketpricefromfallingtoosteeply,provided
heisanetbuyeroftin;
(v)Isequaltoorlessthanthefloorprice,theMana­
gershall,unlessotherwiseinstructedbythe
Council,ifhehasfundsathisdisposalandsub­
jecttoArticle26and27,offertobuytinonthe
LondonMetalExchangeatthefloorpriceuntil
themarketpriceoftinisabovethefloorpriceor
thefundsathisdisposalareexhausted.
(o)Whenundertheprovisionsofparagraph(c)ofthis
articletheManagermaybuy(orsell,asthecaseRestrictionorsuspensionofbufferstockoperations:
actionbytheExecutiveChairman
(a)AtsuchtimesastheCouncilisnotinsession,the
powertorestrictorsuspendoperationsunderpara­
graph(b)ofArticle26shallbevestedintheExecu­
tiveChairman.
(b)TheExecutiveChairmanmayatanytimerevokea
restrictionorsuspensionwhichhehasdecidedby
virtueofthepowervestedinhimunderparagraph
(a)ofthisArticle.
(c)ImmediatelyafteradecisionbytheExecutiveChair­
mantorestrictorsuspendtheoperationsofthebuf­
ferstockunderthepowersvestedinhimunderpara­
graph(a)ofthisArticle,heshallconveneameeting
oftheCounciltoreviewsuchdecision,"ychmeeting
shallbeheldwithinfourteendaysaf\.:thedateof
therestrictionorsuspension.

362 OfficialJournaloftheEuropeanCommunities
Article30 Article28
Otheroperationsofthebufferstock
(a)TheCouncilmay,undergivencircumstances ,autho­
risetheManagertobuytinfrom,orselltintoorfor
theaccountofagovernmentalnon-commercial stock­
inaccordancewiththeprovisionsofArticle40.The
provisionsofparagraph(c)ofArticle25shallnot
applytotinmetalforwhichsuchauthorizationhas
beengiven.
(b)Notwithstanding theprovisionsofArticles25,26and
27theCouncilmayauthorisetheManager,ifhis
fundsareinadequatetomeethisoperationalex­
penses,tosellsufficientquantitiesoftinatthecur­
rentpricetomeetexpenses.
Article29Liquidationofthebufferstockontheterminationofthe
Agreement
(a)Whenfixingthetotalpermissibleexporttonnagefor
anycontrolperiodinaccordancewiththeprovisions
ofArticle33,theCouncilshall,inthelightofconsi­
derationgiventotherenewaloftheAgreementunder
paragraph(c)ofArticle53,decidewhetherthereis
needtoreducethetonnageoftinmetalcurrently
heldinthebufferstock.Insuchcase,thetotalper­
missibleexporttonnagemaybefixedatsuchfigure,
lowerthanthefigurewhichtheCouncilwouldother­
wisehavefixedasthetotalpermissibleexporttonn­
ageforthatperiod,astheCouncilmaydecide.
(b)WithintheframeworkofinstructionsoftheCouncil,
theManagermaysellfromthebufferstockatany
price,beingthecurrentmarketpricebutnotless
thanthefloorprice,thequantitiesoftinmetalby
whichtheCouncilhasreducedthetotalpermissible
exporttonnagesinaccordancewiththeprovisionsof
paragraph(a)ofthisArticle.
(c)OntheterminationofthisAgreementallbufferstock
operationsunderArticles25,26,27,28,29orpara­
graph(b)ofthisarticleshallcease.TheManager
shallthereaftermakenofurtherpurchaseoftinme­
talandmayselltinmetalonlyasauthorizedbypar­
agraph(a)ofArticle31andparagraph(c)ofArticle
32orbytheCouncilunderparagraph(d)ofthis
Article.
(d)UnlesstheCouncilfromtimetotimesubstitutesoth­
erarrangements forthosecontainedinArticles31
and32,theManagershall,inconnectionwiththe
liquidationofthebufferstock,takethestepssetout
inArticles31and32andAnnexH.Thebufferstockandchangesinexchangerates
(a)TheExecutiveChairmanmayconvene,oranyparti­
cipatingcountrymayrequesthimtoconvene,a
meetingoftheCouncilimmediatelytoreviewthe
floorandceilingpricesiftheExecutiveChairmanor
theparticipatingcountry,asthecasemaybe,con­
sidersthatchangesinexchangeratesmakesucha
reviewnecessary.Meetingsmaybeconvenedunder
thisparagraphbylessthansevendays'notice.
(b)Inthecircumstances setforthinparagraph(a)ofthis
Article,theExecutiveChairmanmay,pendingthe
meetingoftheCouncilreferredtointhatparagraph,
provisionallyrestrictorsuspendtheoperationsof
thebufferstockifsucharestrictionorsuspensionis
inhisopinionnecessarytopreventbuyingorselling
oftinbytheManagertoanextentlikelytoprejudice
thepurposesofthisAgreement .
(c)TheCouncilmayrestrictorsuspendorconfirmthe
restrictionorsuspensionofbufferstockoperations
underthisarticle.IftheCouncildoesnotcometoa
decision,bufferstockoperations,ifprovisionally
restrictedorsuspended,shallberesumed.
(d)Withinthirtydaysofitsdecisiontorestrictorsus­
pendortoconfirmtherestrictionorsuspensionof
bufferstockoperationsunderthisarticle,theCoun­
cilshallconsiderthedetermination ofprovisional
floorandceilingpricesandmaydeterminethese
prices.
(e)Withinninetydaysfromtheestablishmentofprovi­
sionalfloorandceilingprices,theCouncilshall
reviewthesepricesandmaydeterminenewfloorand
ceilingprices.
(0IftheCouncildoesnotdetermineprovisionalfloor
andceilingpricesinaccordancewithparagraph(d)
ofthisArticle,itmayatanysubsequentmeetingde­
terminewhatthefloorandceilingpricesshallbe.
(g)Bufferstockoperationsshallberesumedonthebasis
ofsuchfloorandceilingpricesasaredeterminedin
accordancewithparagraphs(d),(e)or(0ofthisAr­
ticle,asthecasemaybe.Article31
Liquidationprocedure
(a)Ass<5onaspossibleaftertheterminationofthis
Agreement,theManagershallmakeanestimateof
thetotalexpensesofliquidationofthebufferstockin
accordancewiththeprovisionsofthisarticleand
shallsetasidefromthebalanceremainingintheBuf­
ferStockAccountasumwhichisinhisopinionsuf­
ficienttomeetsuchexpenses.Shouldthebalance
remainingintheBufferStockAccountbeinadequate
tomeetsuchexpenses,theManagershallsellasuffi­
cientquantityoftinmetaltoprovidetheadditional
sumrequired.
(b)Subjecttoandinaccordancewiththetermsofthis
Agreement,theshareofeachcontributingcountryin
thebufferstockshallberefundedtothatcountry.
(c)(i)Theshareofeachcontributingcountryshallbe
ascertainedinaccordancewithAnnexH.
(ii)Upontherequestofallcontributingcountries,
theCouncilshallreviseAnnexH.

OfficialJournaloftheEuropeanCommunities 363
Article32
Allocationandpaymentofproceedsofliquidation
(a)Subjecttotheprovisionsofparagraph(a)ofArticle
31theshareofeachcontributingcountryinthecash
andtinmetalavailablefordistribution inaccord­
ancewithAnnexHshallbeallocatedtoit,provided
thatifanycontributingcountryhasforfeitedthe
wholeorpartofitsrightstoparticipateinthepro­
ceedsoftheliquidationofthebufferstockbyvirtue
ofArticles17,23,33,42,43or52,itshalltothat
extentbeexcludedfromtherefundofitsshareand
theresultingresidueshallbeapportionedbetween
theothercontributingcountriesinthemannerlaid
downinclause(iv)ofAnnexHfortheapportion­
mentofadeficit.
(b)Theratiooftinmetaltocashallocatedtoeachcon­
tributingcountryundertheprovisionsofparagraph
(b)and(c)ofArticle31and(a)ofthisArticleshall
bethesame.
(c)Eachcontributingcountryshallberepaidthecash
allocatedtoitastheresultoftheproceduresetoutin
AnnexH.Tothiseffect,either:
(i)Thetinmetalsoallocatedtoeachcontributing
countrymaybetransferredinsuchinstalments
andoversuchperiodastheCouncilmaydeem
appropriate,butinanycasenotexceedingtwenty­
fourmonths;or
(ii)Attheoptionofanycontributingcountryany
suchinstalmentmaybesoldandthenetpro­
ceedsofsuchsalepaidtothatcountry.
(d)Whenallthetinmetalhasbeendisposedofinac­
cordancewithparagraph(c)ofthisArticle,the
Managershalldistributeamongcontributingcoun­
triesanybalanceremainingofthesumsetaside
underparagraph(a)ofArticle31intheproportions
allocatedtoeachcountryinaccordancewithpara­
graph(c)ofArticle31andAnnexH.ceilingprices.TheCouncilshallalsoaimtomain­
tainavailableinthebufferstocktinmetalandcash
adequatetorectifyanydiscrepanciesbetweensupply
anddemandwhichmayarisethroughunforeseen
circumstances .
(b)Thecontrolperiodsshallcorrespondtothequarters,
providedthat,onanyoccasionwhenthelimitation
ofexportsisbeingintroducedforthefirsttimedur­
ingthecurrencyofthisAgreementorisbeingrein­
troducedafteranintervalduringwhichtherehas
beennolimitationofexports,theCouncilmayde­
clareasthecontrolperiodanyperiodnotbeinggrea­
terthanfivemonthsorlessthantwomonths,ending
on31March,30June,30Septemberor31Decem­
ber.
(c)ThelimitationofexportsunderthisAgreementin
eachcontrolperiodshalldependonthedecisionof
theCouncil,andnosuchlimitationshalloperatein
anyperiodunlesstheCouncilhasdeclaredittobea
controlperiodandfixedatotalpermissibleexport
tonnageinrespectofit.
(d)Acontrolperiodalreadydeclaredmayberevoked
before,orterminatedduring,thecurrencyofthat
periodbytheCouncilandtheperiodsorevokedor
terminatedshallnotberegardedasacontrolperiod
forthepurposesofparagraph(i)andsub-paragraphs
(ii),(iii)and(iv)ofparagraph(p)ofthisArticle.
(e)TheCouncilshallnotdeclareacontrolperiodunless
itfindsthatatleast10000tonsoftinmetalarelike­
lytobeheldinthebufferstockatthebeginningof
thatperiod,providedthat:
(i)Ifacontrolperiodisdeclaredforthefirsttime
afteranintervalduringwhichnolimitationof
exportswasinforce,thefigureforthepurposes
ofthisparagraphshallbe5000tons,applicable
fromtheeffectivedateofthecontrolperiodal­
readydeclaredoras-fromandtosuchdateor
datesastheCouncilshalldecide;and
(ii)TheCouncilmaybyatwo-thirdsdistributed
majorityreduceinrespectofanycontrolperiod
therequiredtonnageof10000tonsor5000
tons,asthecasemaybe.
(0Atotalpermissibleexporttonnagewhichhasbe­
comeeffectiveshallnotceasetobeeffectiveduring
thecourseoftheperiodtowhichitrelatesbyreason
onlyofthefactthatthebufferstockholdinghasfal­
lenbelowtheminimumtonnageoftinmetalrequired
underparagraph(e)ofthisArticleoranyothertonn­
agesubstitutedthereforunderthesameparagraph.
(g)TheCouncilmaydeclarecontrolperiodsandfixto­
talpermissibleexporttonnages,notwithstanding the
restrictionorsuspensionofbufferstockoperations
inaccordancewiththeprovisionsofArticle26,27
or29.
(h)Atotalpermissibleexporttonnagepreviouslyfixed
underparagraph(a)ofthisArticlemayberevisedby
theCouncil,provided,however,thatatotalpermis­
sibleexporttonnagemaynotbedecreasedduringthe
controlperiodtowhichitrelates.CHAPTERIX:
EXPORTCONTROL
Article33
Assessmentofexportcontrol
(a)Inthelightofitsexaminationoftheestimatesof
productionandconsumptionmadeunderparagraph
(e)ofArticle8andtakingaccountofthequantityof
tinmetalandcashheldinthebufferstock,thequan-.
tity,availabilityandprobabletrendofotherstocks,
thetradeintin,thecurrentpriceoftinmetalandany
otherrelevantfactors,theCouncilmayfromtimeto
timedeterminethequantitiesoftinwhichmaybe
exportedfromproducingcountriesinaccordance
withtheprovisionsofthisarticleandmaydeclarea
controlperiodandshall,bythesameresolution,fix
atotalpermissibleexporttonnageforthatcontrol
period.Infixingsuchtonnage,itshallbethedutyof
theCounciltoadjustsupplytodemandsoasto
maintainthepriceoftinmetalbetweenthefloorand

364 OfficialJournaloftheEuropeanCommunities
thanone-tenthofitspercentageatthecom­
mencementofthatperiod.
(ii)Inanyactionwhichitmayproposetotakein
accordancewiththerulesofAnnexG,theCoun­
cilshallgivedueconsiderationtoanycircum­
stancesstatedbyanyproducingcountryas
beingexceptionalandmay,byatwo-thirdsdis­
tributedmajority,waiveormodifythefullappli­
cationofthoserules.
(iii)TheCouncilmay,fromtimetotime,bya
two-thirdsdistributedmajorityrevisetherules
ofAnnexG,andanysuchrevisionshallhave
effectasifitwereincludedinthatannex.
(iv)Thepercentagesresultingfromtheprocedureset
outinthisparagraphshallbepublishedandshall
takeeffectuponthefirstdayofthequarterfol­
lowingthedateoftheCouncilDecisioninre­
placementofthepercentageslistedinAnnexA.
(n)(i)Notwithstanding theprovisionsofparagraph(k)
ofthisArticle,theCouncilmay,withtheconsent
ofaproducingcountry,reduceitsshareinthe
totalpermissibleexporttonnageandre-distribute
thetonnageofthereductionamongtheother
producingcountriesinproportiontothepercent­
agesofthosecountriesor,ifcircumstances so
require,insomeothermanner.
(ii)Thequantityoftindeterminedaccordingto
sub-paragraph (i)ofthisparagraphforany
producingcountryforanycontrolperiodshall
forthepurposesofthisarticlebedeemedtobe
the.permissibleexporttonnageofthatcountry
forthatcontrolperiod.
(o)(i)Itshallbethedutyofanyproducingcountry
whichbelievesitse".alikelytobeabletoexport
inanycontrolperiodasmuchtinasitworldbe
entitledtoexportinaccordancewithitspermis­
sibleexporttonnageforthatcontrolperiodto
maketotheCouncil,assoonaspossiblebutin
anycasenotlaterthantwocalendarmonthsaf­
terthedateuponwhichsuchpermissibleexport
tonnagehasbecomeeffective,adeclarationsto
thateffect.
(ii)IftheCouncilhasreceivedsuckcdeclarationor
isoftheopinionthatanyproducingcour':yis
unlikelytobeabletoexpertinsaycontreper­
iodasmuchtinasitwouldbeentiledtoexport
in.accordancewithitspermissibleexport^.im­
age,theCouncilmayincreaseteetotalper:risi­
bleexporttonnageforthatcontrolperiodby
suchatonnageaswill!»itsopinion .ensur..chat
thetotalpermissibleexport requireswill(i)When,undertheprovisionsofparagraph(a)ofthis
Article,theCouncilhasdeclaredacontrolperiod
andhasfixedatotalpermissibleexporttonnagein
respectofthatperiodtheCouncilmayatthesame
timecalluponanycountryinvitedtotheUnited
NationsTinConference,1970,whichisalsoapro­
duceroftinfrommineswithinitsterritoryorterrito­
riestoputintoeffectforthatperiodsuchalimitation
ofitsexportsoftinderivedfromsuchproductionas
maybeagreedtobeappropriatebetweentheCoun­
cilandthecountryconcerned.
(j)Notwithstanding theprovisionsofthisArticle,if,
undertheThirdInternationalTinAgreement,atotal
permissibleexporttonnagehasbeenfixedinrespect
ofthelastquarterofthatAgreementandisstillef­
fectiveattheterminationofthatAgreement :
(i)Acontrolperiod,commencingupontheentry
intoforceofthisAgreement,shallbedeemedto
havebeendeclaredunderthisAgreement;and
(ii)Thetotalpermissibleexporttonnageforsuch
controlperiodshallbeatarateproportionateto
thatfixedbytheThirdAgreementforthelast
quarterofthatAgreementunlessanduntil
revisedbytheCouncilinaccordancewiththe
provisionsofthisarticle:
Providedthat,ifatthetimeofthefirstsessionofthe
CouncilunderthisAgreementlessthan10000tons
oftinmetalareheldinthebufferstock,theCouncil
shallconsiderthepositionatitsfirstsessionand,ifa
decisiontocontinuethelimitationofexportsisnot
reached,theperiodinquestionshallceasetobea
controlperiod.
(k)Thetotalpermissibleexporttonnageforanycontrol
periodshallbedividedamongproducingcountries
inproportiontotheirpercentagesinAnnexAorin
proportiontotheirpercentagesinanyrevisedtable
ofpercentageswhichmaybepublishedinaccord­
ancewiththisAgreement,andthequantityoftinso
computedinrespectofanycountryforanycontrol
periodshallbethepermissibleexporttonnageofthat
countryforthatcontrolperiod.
(1)If,aftertheentryintoforceofthisAgreement,any
countryratifies,approvesoraccepts,orgivesnotifi­
cationoftoratify,approveoraccept,or
accedestoit,asaproducingcountry,orhasbeen
approvedbytheCouncilforachangeinitscategory
fromthatofacountrytothatofapro­
ducingcounty*:iaccordancewithArticle5,the
Council,havingdeterminedthepercentageoffeat
country,shallre-determinethepourcentagesofallthe
otherparticipatingcountriesinproportiontotheir
current
(m)(i)TheCouncilsix."reviewthepercentagesoftheinfactbeexported.
(p)(i)Thenetexportsoftinfromeachproducingcoun­
tryforeachcontrolperiodshallbelimited,ex­
ceptasotherwiseprovidedinthisArticle,tothe
permissibleexporttonnageforthatcountryfor
thatcontrolperiod.accordance therulesofAnnexO.Except
forthefirst whichshalltake
placeat:the oftheCouncil,theper­
centage; countryshallnot,8
any^two?:months,bereducedby)rr.x.(ii)If,notwithstanding theprovisionsofsub­
paragraph(i)ofthisparagraph,thenetexports

OfficialJournaloftheEuropeanCommunities 365
TheCouncil,whendecidingtheactiontobetak­
enunderthisparagraph,shalltakeaccountof
anyfailuretotakestepsordelayindoingso.
(q)When,byreasonofthedeterminationoralterationof
thepercentageofaproducingcountryorofthewith­
drawalofaproducingcountry,thetotalofpercent­
agesisnolongeronehundredthepercentageofeach
otherproducingcountryshallbeproportionately
adjustedsothatthetotalofpercentagesisrestoredto
onehundred.TheCouncilshallthenpublishassoon
aspossibletherevisedtableofpercentageswhich
shallcomeintoforceforthepurposesofexportcon­
trolwitheffectfromthefirstdayofthecontrolper­
iodfollowingthatinwhichthedecisiontorevise
percentageswastaken.
(r)Eachproducingcountryshalltakesuchmeasuresas
maybenecessarytomaintainandenforcetheprovi­
sionsofthisArticlesothatitsexportsshallcorres­
pondascloselyaspossibletoitspermissibleexport
tonnageforanycontrolperiod.-
(s)ForthepurposesofthisArticle,theCouncilmay
decidethatexportsoftinfromanyproducingcoun­
tryshallincludethetincontentofanymaterialde­
rivedfromthemineralproductionofthecountry
concerned .
(t)Tinshallbedeemedtohavebeenexportedif,inthe
caseofacountrynamedinAnnexC,theformalities
setoutinthatAnnexoppositethenameofthatcoun­
tryhavebeencompleted,providedthat:
(i)TheCouncilmay,fromtimetotime,withthe
consentofthecountryconcerned,reviseAnnex
Candanysuchrevisionshallhaveeffectasifit
wereincludedinthatAnnex;
(ii)Ifanytinshallbeexportedfromanyproducing
countrybyanymethodwhichisnotprovidedfor
byAnnexC,theCouncilshalldeterminewheth­
ersuchtinshallbedeemedtohavebeenexport­
edforthepurposesofthisAgreementand,ifso,
thetimeatwhichsuchexportshallbedeemedto
havetakenplace.
(u)Forthepurposesofsub-paragraph (ii),(iii)and(iv)
ofparagraph(p)ofthisArticle,controlperiodsfor
whichtotalpermissibleexporttonnageshavebeen
fixedandpenaltiesimposedunderArticleVIIofthe
ThirdAgreementshallbedeemed,asfromtheentry
intoforceofthisAgreement,tohavebeenfixedor
imposedunderthisArticle.oftinfromaproducingcountryinanycontrol
periodexceeditspermissibleexporttonnagefor
thatcontrolperiodbymorethan5%,theCouncil
mayrequirethecountryconcernedtomakean
additionalcontributiontothebufferstocknot
exceedingthetonnagebywhichsuchexports
exceeditspermissibleexporttonnage.Sucha
contributionshallbeintinmetalorincashorin
suchproportionsoftinmetalandcashandbefore
suchdateordatesastheCouncilmaydecide.
Thatpart,ifany,ofthecontributionwhichisto
bepaidincashshallbecalculatedatthefloor
priceineffectonthedateofentryintoforceof
thisAgreement.Thatpart,ifany,ofthecontri­
butionwhichistobemadeintinmetalshallbe
includedinandshallnotbeadditionaltothe
permissibleexporttonnageofthecountryin
questionforthecontrolperiodinwhichsuch
contribution ismade.
(iii)If,notwithstanding theprovisionsofsub-para­
graph(i)ofthisparagraph,theaggregatenet
exportsoftinfromaproducingcountryinany
foursuccessivecontrolperiodsincluding,ifap­
propriate,thecontrolperiodreferredtoin
sub-paragraph (ii)ofthisparagraphexceedby
morethan1%theaggregateofitspermissible
exporttonnagesforthoseperiods,thepermissi­
bleexporttonnagesofthatcountryduringeach
ofthefoursubsequentcontrolperiodsmaybe
reducedbyone-quarteroftheaggregatetonnage
sooverexportedor,iftheCouncilsodecides,by
anygreaterfractionnotexceedingone-half.
Suchreductionshalltakeeffectinandfromthe
controlperiodnextfollowingthatinwhichthe
decisionwastakenbytheCouncil.
(iv)If,afteranysuchfoursuccessivecontrolperiods
(duringwhichtheaggregatenetexportsoftin
fromacountryhaveexceededitspermissible
exporttonnageasmentionedinsub-paragraph
(iii)ofthisparagraph),theaggregatenetexports
oftinfromthatcountryinanyfourfurthersuc­
cessivecontrolperiods(whichshallnotinclude
anycontrolperiodcoveredbysub-paragraph
(iii)exceedtheaggregateofthepermissibleex­
porttonnagesforthosefourcontrolperiods,the
Councilmay,inadditiontoreducingthetotal
permissibleexporttonnageofthatcountryin
accordancewiththeprovisionsofsub-paragraph
(iii),declarethatthecountryshallforfeitapart,
whichshallonthefirstoccasionnotexceed
one-half,ofitsrightstoparticipationonliquida­
tionofthebufferstock.TheCouncilmayatany
timerestoretothecountryconcernedtheportion
ofitsrightssoforfeitedonsuchtermsandcondi­
tionsasitmaydetermine.
(v)Itshallbethedutyofaproducingcountrywhich
hasexportedatonnageoftininexcessofits
permissibleexporttonnageandofanytonnage
permittedbyotherprovisionsofthisarticleto
takeeffectivestepstocorrectitsbreachofthis
Agreementattheearliestpossibleopportunity.Article34
Specialexports
(a)Atanytimewhenithasdeclaredacontrolperiod,
theCouncil,ifitconsidersthattheconditionsin
AnnexDaresatisfied,maybyatwo-thirdsdistri­
butedmajoritypermittheexport(hereinaftercalleda
specialexport)ofaspecifiedquantityoftininaddi­
tiontothepermissibleexportamountreferredtoin
paragraph(k)ofArticle33.

366 OfficialJournaloftheEuropeanCommunities
CHAPTERX:
STOCKS
Article36
Stocksinproducingcountries(b)TheCouncilmaybyatwo-thirdsdistributedmajori­
tyimposesuchconditionsuponaspecialexportasit
deemsnecessary.
(c)IftheprovisionsofArticle36andtheconditions
imposedbytheCouncilunderparagraph(b)ofthis
Articlearefulfilled,aspecialexportshallnotbetak­
enintoaccountwhentheprovisionsofparagraphs
(n),(o)and(p)ofArticle33arebeingapplied.
(d)TheCouncilmaybyatwo-thirdsdistributedmajor­
ityatanytimerevisetheconditionsinAnnexD,
providedthatanysuchrevisionshallbewithoutpre­
judicetoanythingdonebyacountryinpursuanceof
permissiongivenandconditionsalreadyimposed
underparagraph(b)ofthisArticle.
Article35
Specialdeposits(a)(i)Thestocksoftinwithinanyproducingcountry
whichhavenotbeenexportedwithinthedefini­
tionforthatcountrycontainedinAnnexCshall
notatanytimeduringacontrolperiodexceed
thetonnageshownagainstthatcountryinAnnex
E.
(ii)Suchstocksshallnotincludetininthecourseof
transportbetweenthemineandthepointofex­
portasdefinedinAnnexC.
(iii)TheCouncilmayreviseAnnexE,but,ifindoing
soithasincreasedthetonnagelistedinAnnexE
againstanycountry,itmayimposeconditions,
includingconditionsastoperiodandsubsequent
export,inrelationtoanysuchaddition.
(b)Anyincreaseintheproportionapprovedunderpara­
'graph2ofArticleXIVoftheThirdAgreementand
stilloperativeattheterminationofthatAgreement
andanyconditionsimposedinconnexiontherewith
shallbedeemedtohavebeenapprovedorimposed
underthisAgreementunlesstheCouncilotherwise
decideswithinsixmonthsaftertheentryintoforce
oftheAgreement.
(c)AnyspecialdepositmadeunderArticle35shallbe
deductedfromtheamountofstockspermittedunder
thisarticletobeheldduringacontrolperiodwithin
theproducingcountryconcerned.
(d)(i)Whereinaproducingcountrymentionedin
AnnexFtinoreisunavoidablyextractedfromits
naturaloccurrenceintheminingoftheother
mineralsmentionedinthatAnnexandforthat
reasonthelimitationofstocksprescribedinpar­
agraph(a)ofthisArticlewouldunreasonably
restricttheminingofthoseotherminerals,addi­
tionalstocksoftin-in-concentrates maybeheld
withinthatcountrytotheextentthattheseare
certifiedbytheGovernmentofthatcountryas
havingbeenwonexclusivelyinassociationwith
thoseothermineralsandactuallyretainedinthat
country,providedthattheproportionwhichsuch
additionalstocksbeartothetotalamountofthe
othermineralsminedshallnotatanytimeex­
ceedtheproportionstatedinAnnexF.
(ii)ExceptwiththeconsentoftheCouncil,theex­
portofsuchadditionalstocksshallnotcom­
menceuntilaftertheliquidationofallthetin
metalinthebufferstockandtherateofexport
thereaftershallnotexceedone-fortiethofthe
wholeortwohundredandfiftytons,whichever
isthegreater,ineachquarter.
(e)CountrieslistedinAnnexEorAnnexFshall,in
consultationwiththeCouncil,makeregulations
governingthemaintenance ,protectionandcontrolof
suchadditionalstocks.(a)Aproducingcountrymayatanytimewiththecon­
sentoftheCouncilmakespecialdepositsoftinme­
talwiththeManager.Aspecialdepositshallnotbe
treatedaspartofthebufferstockandshallnotbeat
thedisposaloftheManager.
(b)AproducingcountrywhichhasinformedtheCoun­
cilofitsintentionofmakingaspecialdepositoftin
metaloriginatingwithinthatcountryshall,subject
tofurnishingsuchevidenceastheCouncilmayre­
quiretoidentifythemetalortheconcentratesex­
portedwiththetinmetalwhichisthesubjectofthe
specialdeposit,bepermittedtoexportsuchmetalor
concentrates inadditiontoanypermissibleexport
amountthatmayhavebeenallocatedtothatcountry
underArticle33and,subjecttothecomplianceby
theproducingcountrywiththerequirementsofArti­
cle36,paragraphs(n),(o)and(p)ofArticle33shall
notapplytosuchexports.
(c)SpecialdepositsmaybeacceptedbytheManager
onlyatsuchplaceorplacesasmaybeconvenientto
him.
(d)TheExecutiveChairmanshallnotifytheparticipat­
ingcountriesofthereceiptofanysuchspecialde­
posit,butnotsoonerthanthreemonthsafterthedate
ofreceipt.
(e)Aproducingcountrywhichhasmadeaspecialde­
positoftinmetalmaywithdrawthewholeorpartof
thatspecialdepositinordertofulfilthewholeor
partofitspermissibleexportamountinanycontrol
period.Insuchacasetheamountwithdrawnfrom
thespecialdepositshallberegardedashavingbeen
exportedforthepurposesofArticle33inthecontrol
periodinwhichthewithdrawalwasmade.
(0Inanyquarterwhichhasnotbeendeclaredacontrol
periodanyspecialdepositshallbeatthedisposalof
thecountrywhichhasmadethedeposit,subjectonly
totheprovisionsofparagraph(h)ofArticle36.
(g)Allchargesincurredinconnexionwithanyspecial
depositshallbebornebythecountrymakingthe
depositandnochargesshallbebornebytheCoun­
cil.

OfficialJournaloftheEuropeanCommunities 367
CHAPTERXII:
MISCELLANEOUS PROVISIONS
Article38
Fairlabourstandards
Theparticipatingcountriesdeclarethat,inorderto
avoidthedepressionoflivingstandardsandtheintro­
ductionofunfaircompetitiveconditionsinworldtrade,
theywillseektoensurefairlabourstandardsinthetin
industry.(0TheCouncilmay,withtheconsentoftheproducing
countryconcerned,reviseAnnexEandAnnexF.
(g)EachproducingcountryshallforwardtotheCouncil
atsuchintervalsastheCouncilmayrequirestate­
mentsastothestocksoftinwithinisterritorywhich
havenotbeenexportedinaccordancewiththedefi­
nitionforthatcountryinAnnexC.Suchstatements
shallnotincludetinincourseoftransportbetween
themineandthepointofexportasdefinedinAnnex
C.Thesestatementsshallshowseparatelythestocks
heldunderparagraph(d)ofthisArticle.
(h)AcountrywhichholdsspecialdepositsunderArticle
35orispermittedtoincreasetonnagesinaccord­
ancewiththeprovisionsofparagraph(a)ofthisAr­
ticleshall,notlaterthantwelvemonthsbeforethe
terminationofthisAgreement,informtheCouncilof
itsplansfortheexportofsuchspecialdepositsand
ofallorpartofsuchincreasedtonnages(butnotin­
cludingadditionalstockswhoseexportisgoverned«
byparagraph(d)ofthisarticle)andshallconsult
withtheCouncilastothebestmeansofmaking
suchexportwithoutavoidabledisruptionofthetin
marketandinharmonywiththeprovisionsforthe
liquidationofthebufferstockunderArticle30.The
producingcountryconcernedshallgivedueconsi­
derationtotherecommendations oftheCouncil.Article39
Generalprovisions
(a)Participatingcountriesshallduringthecurrencyof
thisAgreementusetheirbestendeavoursand
cooperatetopromotetheattainmentofitsobjec­
tives.
(b)Theparticipatingcountriesundertaketoacceptas
bindingalldecisionsoftheCouncilunderthis
Agreement .
(c)Withoutprejudicetothegeneralscopeofparagraph
(a)ofthisarticle,participatingcountriesshallinpar­
ticularobservethefollowing:
(i)Theyshallnot,solongassufficientquantitiesof
tinareavailabletomeettheirfullrequirements ,
prohibitorlimittheuseoftinforspecified
end-usesexceptincircumstances inwhichsuch
prohibitionorlimitationwouldnotbeinconsis­
tentwithotherinternational agreementson
trade;
(ii)Theyshallcreateconditionswhichwouldpro­
motethetransferoftinproductionfromlesseffi­
cienttomoreefficiententerprises;and
(iii)Theyshallencouragetheconservationofthe
naturalresourcesoftinbypreventingtheprema­
tureabandonmentofdeposits.CHAPTERXI:
UNSHORTAGE
Article40Article37
Actionintheeventofatinshortage
(a)IfatanytimetheCouncilconcludesthataserious
shortageofsuppliesoftinhasdevelopedorislikely
todevelop,theCouncilshallmakewhateverenqui­
riesarenecessaryinordertoenableittoestimate
totalrequirementsandavailabilityoftinforsuch
periodsasitshalldetermine.
(b)Ifstudiesandenquiries,togetherwithpertinentfac­
tors,confirmthedangerofatinshortage,the
Council:
(i)Shallrecommendtotheparticipatingcountries
thattheyinitiateactiontoensureasrapidanin­
creaseaspossibleintheamountoftinwhich
theymaybeabletomakeavailable;
(ii)Mayinvitetheparticipatingcountriestoenter
intosucharrangementswithitasmayassure
consumingcountriesanequitabledistributionof
theavailablesuppliesoftin;and
(iii)Shallobservethebehaviourofthemarketatall
timeswithaviewtopreventinganytinshortage.Disposaloftinfromnon-commercial stockpiles
(a)Aparticipatingcountrydesiringtodisposeoftin
fromnon-commercial stockpilesshall,atadequate
notice,consultwiththeCouncilconcerningitsdis­
posalplans.
(b)Atthetimeaparticipatingcountrygivesnoticeofa
plantodisposeoftinfromnon-commercial stock­
piles,theCouncilshallpromptlyenterintoofficial
consultations ontheplanwiththatcountryforthe
purposeofassuringadequatefulfilmentoftheprovi­
sionsofparagraph(d)ofthisArticle.
(c)TheCouncilshallfromtimetotimereviewthepro­
gressofsuchdisposalsandmaymakerecommenda­
tionstothedisposingparticipatingcountry.
(d)Thedisposalsshallbemadewithdueregardtothe
protectionofproducers,processorsandconsumers
againstavoidabledisruptionoftheirusualmarkets.
Accountshallalsobetakenoftheconsequencesof

368 OfficialJournaloftheEuropeanCommunities
CHAPTERXHI:
COMPLAINTS ANDDISPUTESsuchdisposalsontheinvestmentofcapitalinexplor­
ationanddevelopmentofnewsuppliesandthe
healthandgrowthoftinminingintheproducing
countries.Thedisposalsshallbeinsuchamounts
andoversuchperiodsoftimeaswillnotinterfere
undulywithproductionandemploymentinthetin
industryintheproducingcountriesandaswillavoid
creatinghardshipstotheeconomiesofthepartici­
patingproducingcountries.Article42
Complaints
Article41
Nationalsecurityprovisions(a)Anycomplaintthatanyparticipatingcountryhas
committedabreachofthisAgreementforwhicha
remedyisnotprovidedelsewhereinthisAgreement
shall,attherequestofthecountrymakingthecom­
plaint,bereferredtotheCouncilforadecision.
(b)SavewhereotherwiseprovidedinthisAgreement,no
participatingcountryshallbefoundtohavecommit­
tedabreachofthisAgreementunlessaresolutionto
thateffectispassed.Anysuchfindingshallspecify
thenatureandextentofthebreach.
(c)IftheCouncilfindsunderthisarticlethatapartici­
patingcountryhascommittedabreachofthis
Agreement,theCouncilmay,unlesssomeother
penaltyisprovidedelsewhereinthisAgreement,
deprivethecountryconcernedofitsvotingandother
rightsuntilithasremediedthebreachorhasother­
wisefulfilleditsobligations.
(d)Forthepurposesofthisarticletheexpression
'breachofthisAgreement'shallbedeemedtoin­
cludethebreachofanyconditionimposedbythe
Councilorfailuretofulfilanyobligationlaidupona
participatingcountryinaccordancewiththisAgree­
ment.
Article43
Disputes(a)NothinginthisAgreementshallbeconstrued:
(i)Torequireaparticipatingcountrytofurnishany
informationthedisclosureofwhichitconsiders
contrarytoitsessentialsecurityinterests;
(ii)Topreventaparticipatingcountryfromtaking,
eithersinglyorwithothercountries,anyaction
whichitconsidersnecessaryfortheprotectionof
itsessentialsecurityinterestswheresuchaction
relatestotrafficinarms,ammunitionorimple­
mentsofwar,ortotrafficinothergoodsand
materialscarriedondirectlyorindirectlyforthe
purposeofsupplyingamilitaryestablishmentof
anycountry,oristakenintimeofwarorother
emergencyininternationalrelations;
(iii)Topreventaparticipatingcountryfromentering
intoorcarryingoutanyinter-governmental
agreement(orotheragreementonbehalfofa
countryforthepurposespecifiedinthis
paragraph)madebyorforamilitaryestablish­
mentforthepurposeofmeetingessentialrequire­
mentsofthenationalsecurityofoneormoreof
thecountriesparticipating insuchagreements;
or
(iv)Topreventaparticipatingcountryfromtaking
anyactioninpursuanceofitsobligationsunder
theUnitedNationsCharterforthemaintenance
ofinternationalpeaceandsecurity.
(b)ParticipatingcountriesshallnotifytheExecutive
Chairmanassoonaspossibleofanyactionthey
takerespectingtininconsequenceofsubparagraph
(ii)or(iv)orparagraph(a)ofthisArticleandthe
ExecutiveChairmanshallsonotifyotherparticipat­
ingcountries.
(c)Anyparticipatingcountrywhichconsidersitsecon­
omicinterestsunderthisAgreementseriouslyin­
juredbyactiontakenbyanyotherparticipating
countryorcountries,otherthanactiontakenintime
ofwar,undertheprovisionsofparagraph(a)ofthis
Article,maycomplaintotheCouncil.
(d)OnreceiptofsuchacomplainttheCouncilshall
reviewthefactsofthesituationandshallbyamajor­
ityofthetotalvotesheldbyallconsumingcountries
andamajorityofthetotalvotesheldbyalltheprod­
ucingcountriesdecidewhetherthecomplainant
countryisjustifiedinitscomplaintandshall,ifitso
decides,permitthecomplainantcountrytowithdraw
fromthisAgreement.(a)Anydisputeconcerningtheinterpretationorapplica­
tionofthisAgreementwhichisnotsettledbynego­
tiationshall,attherequestofanyparticipatingcoun­
try,bereferredtotheCouncilfordecision.
(b)WhereadisputehasbeenreferredtotheCouncilin
accordancewiththisarticleamajorityofparticipat­
ingcountriesoranyparticipatingcountriesholding
notlessthanone-thirdofthevotesintheCouncil
mayrequiretheCouncil,afterfulldiscussion,to
seektheopinionoftheadvisorypanelreferredtoin
paragraph(c)ofthisArticleontheissuesindispute
beforegivingitsdecision.
(c)(i)UnlesstheCouncil,byaunanimousdecisionof
votescast,agreesotherwise,thepanelshallcon­
sistof:
Twopersons,onehavingwideexperienceinmat­
tersofthekindindisputeandtheotherhaving
legalstandingandexperience,nominatedbythe
producingcountries;
Twosuchpersonsnominatedbytheconsuming
countries;and
Achairmanselectedunanimouslybythefour
personsnominatedaboveor,iftheyfailtoagree,
bytheExecutiveChairman.

OfficialJournaloftheEuropeanCommunities 369
(ii)Personsappointedtotheadvisorypanelshallact
intheirpersonalcapacityandwithoutinstruc­
tionsfromanyGovernment .
(iii)Theexpensesoftheadvisorypanelshallbepaid
bytheCouncil.
(d)Theopinionoftheadvisorypanelandthereasons
thereforshallbesubmittedtotheCouncilwhich,
afterconsideringalltherelevantinformation,shall
decidethedispute.sentingcountriessatisfyingtheconditionslaiddown
inparagraph(a)ofthisArticle,itshallenterinto
forcedefinitivelyforthoseGovernments .
(d)IftliisAgreementhasenteredintoforcedefinitively
underparagraph(a)orparagraph(c)ofthisArticle,
andifanyGovernmentwhichhasgivenanotifica­
tionofintentiontoratify,approveoraccepthas
failedtodepositaninstrumentofratification,ap­
provaloracceptancewithinaperiodofninetydays
fromthedateofdefinitiveentryintoforce,that
GovernmentshallceasetoparticipateinthisAgree­
ment,providedthattheCouncilmayextendiheper­
iodaforesaidifsorequestedbythatGovernment ,
andfurtherprovidedthatthatGovernmentmay
ceasetoparticipateintheAgreementbeforetheexpi­
ryoftheperiodaforesaidoranyextensionthereofby
givingtothedepositaryGovernmentatlea'stthirty
days'notice.CHAPTERXIV:
FINALPROVISIONS
Article44
Signature
Article47
ProvisionalentryintoforceThisAgreementshallbeopenforsignatureinLondon
withtheGovernmentoftheUnitedKingdomofGreat
BritainandNorthernIreland(hereinafterreferredtoas
thedepositaryGovernment)from1July1970to29Jan­
uary1971inclusive,onbehalfofcountriesparticipating
intheThirdInternationalTinAgreementandonbehalf
ofGovernmentsofindependentStatesrepresentedatthe
UnitedNationsTinConference,1970.
Article45
Ratification,approval,acceptance
ThisAgreementshallbesubjecttoratification,approval
oracceptancebythesignatoryGovernmentsinaccord­
ancewiththeirrespectiveconstitutionalprocedures .In­
strumentsofratification,approvaloracceptanceshallbe
depositedwiththedepositaryGovernment .
Article46
Definitiveentryintoforce(a)(i)Iftheconditionsforthedefinitiveentryintoforce
ofthisAgreementlaiddowninparagraph(a)of
Article46,havenotbeensatisfied,thisAgree­
mentshall,fortheGovernments whichhave
depositedinstrumentsofratification,approvalor
acceptanceorhavegivennotificationofintention
toratify,approveoraccept,enterintoforce
■*provisionally onthedayfollowingthedateof
terminationoftheThirdAgreement,provided
thatsuchinstrumentsornotifications havebeen
depositedwiththedepositaryGovernment :
-By30June1971or,iftheThirdAgreementis
extended,bythedateofterminationofthat
Agreement;and
-OnbehalfofGovernments representingat
leastsixproducingcountriesassetoutin
AnnexAholdingtogetheratleast950ofthe
votessetoutinthatannex,andatleastnine
consumingcountriesassetoutinAnnexB
holdingtogetheratleast300ofthevotesset
outinthatAnnex.
(ii)ForeachsignatoryGovernmentwhichhasde­
positedaninstrumentofratification,approvalor
acceptanceof,orhasgivennotificationofinten­
tiontoratify,approveoraccept,thisAgreement
whileitisprovisionally inforce,theAgreement
shallenterintoforceprovisionallyonthedateof
thedepositofsuchinstrumentornotification .
(b)If,withinsixmonthsaftertheterminationofthe
ThirdAgreement,thisAgreementhasenteredinto
forceprovisionallybutnotdefinitivelyaslaiddown
inArticle46,theExecutiveChairmanshallassoon
aspossibleconveneameetingormeetingsofthe
Counciltoconsidertheposition.If,however,the
entryintoforceremainsprovisionaltheAgreement
shallbeterminatednotlaterthanoneyearafterthe
provisionalentryintoforce.(a)ThisAgreementshall,fortheGovernments which
havedepositedinstrumentsofratification,approval
oracceptance,enterintoforcedefinitivelyassoon
after30June1971assuchinstrumentshavebeen
depositedonbehalfofGovernments representingat
leastsixproducingcountriesassetoutinAnnexA
holdingtogetheratleast950ofthevotessetoutin
thatannexandatleastnineconsumingcountriesas
setoutinAnnexBholdingtogetheratleast300of
thevotessetoutinthatannex.
(b)ForthesignatoryGovernmentwhichhasdeposited
aninstrumentofratification,approvaloracceptance
afterthedefinitiveentryintoforceofthisAgree­
ment,thisAgreementshallenterintoforcedefini­
tivelyonthedateofthedepositofsuchinstrument.
(c)IfthisAgreementhasenteredintoforceprovisional­
lyunderparagraph(a)ofArticle47,thenassoonas
instrumentsofratification,approvaloracceptance
havebeendepositedonbehalfofGovernments repre­

370 OfficialJournaloftheEuropeanCommunities
Article48
AccessionArticle51
Amendment
(a)AnyGovernmentrepresentedattheUnitedNations
TinConference,1970,oranyparticipatingcountry
intheThirdInternationalTinAgreementshallhave
therighttoaccedetothisAgreementuponcondi­
tionstobedeterminedbytheCouncil.
(b)AnyotherGovernmentnotrepresentedattheUnited
NationsTinConference,1970,whichisaMember
oftheUnitedNationsoramemberofitsspecialized
agenciesmayuponconditionstobedeterminedby
theCouncilaccedetothisAgreement .
(c)TheconditionslaiddownbytheCouncilshallbe
equitable,inrespectofvotingrightsandfinancial
obligations,asbetweenthecountriesseekingtoac­
cedeandothercountriesalreadyparticipating .
(d)Upontheaccessionofaproducingcountrytothis
AgreementtheCouncil(i)shallfix,withtheconsent
ofthatcountry,thetonnagesandproportionstobe
shownagainstthatcountryinAnnexesEandF
whereappropriateand(ii)shallalsofixthecircum­
stanceforthepurposeofexportcontroltobeshown
againstthenameofthatcountryinAnnexC,part
one.Thetonnage,proportionordescriptionsofixed
shallhaveeffectasthoughitwereincludedinsuch
Annexes.
(e)Accessionshallbeeffectedbythedepositofanin­
strumentofaccessionwiththedepositaryGovern­
ment,whichshallnotifyallinterestedGovernments
andtheCouncilofsuchaccession.(a)TheCouncilmay,byatwo-thirdsmajorityofthe
totalvotesheldbyallproducingcountriesanda
two-thirdsmajorityofthetotalvotesheldbyall
consumingcountries,recommendtoContracting
Governments amendmentstothisAgreement .The
Councilshall,initsrecommendation ,fixthetime
withinwhicheachContractingGovernmentshall
notifythedepositaryGovernmentwhetherornotit
ratifies,approvesoracceptstheamendment .
(b)TheCouncilmayextendthetimefixedbyitunder
paragraph(a)ofthisArticlefornotificationofratifi­
cation,approvaloracceptance.
(c)If,withinthetimefixedunderparagraph(a)ofthis
Articleorextendedunderparagraph(b)ofthisArti­
cle,anamendmentisratified,approvedoraccepted
byallparticipatingcountriesitshalltakeeffect
immediately onthereceiptbythedepositary
Governmentofthelastratification,approvalorac­
ceptance.
(d)If,withinthetimefixedunderparagraph(a)ofthis
Articleorextendedunderparagraph(b)ofthisArti­
cle,anamendmentisnotratified,approvedorac­
ceptedbyparticipatingcountriesholdingallofthe
votesofproducingcountriesandbyparticipating
countriesholdingtwo-thirdsofthetotalvotesofall
consumingcountries,itshallnottakeeffect.
(e)If,bytheendofthetimefixedunderparagraph(a)of
thisArticleorextendedunderparagraph(b)ofthis
Article,anamendmentisratified,approvedorac­
ceptedbyparticipatingcountriesholdingallofthe
votesofproducingcountriesandbyparticipating
countriesholdingtwo-thirdsofthetotalvotesofall
consumingcountries:
(i)Theamendmentshall,fortheparticipatingcoun­
triesbywhichratification,approvaloraccep­
tancehasbeensignified,takeeffectattheendof
threemonthsnextfollowingthereceiptbythe
depositaryGovernmentofthelastratification,
approvaloracceptancenecessarytocompriseall
ofthevotesofproducingcountriesand
two-thirdsofthetotalvotesofallconsuming
countries;
(ii)AnyContractingGovernmentwhichdoesnot
ratify,approveoracceptanamendmentbythe
dateofitscomingintoeffectshallasofthatdate
ceasetoparticipateintheAgreement,unlessany
suchContractingGovernment satisfiesthe
Councilatitsfirstmeetingfollowingtheeffec­
tivedateoftheamendmentthatitsratification,
approvaloracceptancecouldnotbesecuredin
timebyreasonofconstitutional difficulties,and
theCouncildecidestoextendforsuchcontract­
ingGovernmenttheperiodfixedforratification,
approvaloracceptanceuntilthesedifficulties
havebeenovercome.
(0Ifaconsumingcountryconsidersthatitsinterests
willbeadverselyaffectedbyanamendmentitmay,Article49
Separateparticipation
AContractingGovernmentmay,atthetimeofdeposit­
ingitsinstrumentofratification,approval,acceptanceor
accession,orgivingnotificationofintentiontoratify,
approveoracceptoratanytimethereafter,proposethe
separateparticipationasaproducingorasaconsuming
country,asmaybeappropriate,ofanyterritoryorterri­
tories,interestedintheproductionorconsumptionoftin,
forwhoseinternational relationstheContracting
GovernmentisresponsibleandtowhichtheAgreement
appliesorwillapplywhentheAgreemententersinto
force.Suchseparateparticipationshallbesubjecttothe
consentoftheCouncilandtotheconditionswhichthe
Councilmaydetermine.
Article50
Anintergovernmental organizationhavingresponsibili­
tiesinrespectofthenegotiationofinternationalAgree­
mentsmayparticipateintheInternationalTinAgree­
ment.Suchanorganizationshallnotitselfhavetheright
tovote.Onmatterswithinitscompetencethevoting
rightsofitsmemberstatesmaybeexercisedcollectively .

OfficialJournaloftheEuropeanCommunities 371
beforethedateofitscomingintoeffect,givenotice
tothedepositaryGovernmentofwithdrawalfrom
theAgreement.Withdrawalshallbecomeeffective
ontheeffectivedateoftheamendment .TheCouncil
may,atanytime,onsuchtermsandconditionsasit
considersequitable,permitsuchcountrytowith­
drawitsnoticeofwithdrawal .
(g)Anyamendmenttothisarticleshalltakeeffectonly
ifitisratified,approvedoracceptedbyallpartici­
patingcountries.
(h)Theprovisionsofthisarticleshallnotaffectany
powerunderthisAgreementtoreviseanyAnnexto
thisAgreement.toterminate,itshallrecommendtotheContract­
ingGovernmentsthatthisAgreementshallter­
minate.
(iii)IfContractingGovernmentsholdingtwo-thirds
ofthetotalvotesofallproducingcountriesand
two-thirdsofthetotalvotesofallconsuming
.countriesnotifytheCouncilthattheyacceptthat
recommendation ,thisAgreementshallterminate
onthedatetheCouncilshalldecide,beingadate
notlaterthansixmonthsafterthereceiptbythe
Councilofthelastofthenotificationsfromthose
ContractingGovernments .
(e)TheCouncilshallremaininbeingforaslongasmay
benecessaryforthecarryingoutofparagraph(0of
thisArticle,forthesupervisionoftheliquidationof
thebufferstockandanystocksheldinproducing
countriesinaccordancewithArticle36andforthe
supervisionofthedueperformanceofconditions
imposedunderthisAgreementbytheCouncilor
undertheThirdAgreement;theCouncilshallhave
suchofthepowersandfunctionsconferredonitby
thisAgreementasmaybenecessaryforthepurpose.Article52
Withdrawal
(f)OnterminationofthisAgreement :Aparticipatingcountrywhichwithdrawsfromthis
Agreementduringitscurrency,except
(0Inaccordancewiththeprovisionsofparagraph(d)of
Article41orparagraph(0ofArticle51,or
(ii)Uponatleasttwelvemonths'noticebeinggivento
thedepositaryGovernmentnotearlierthanoneyear
aftertheentryintoforceofthisAgreement,
shallnotbeentitledtoanyshareoftheproceedsofthe
liquidationofthebufferstockunderthetermsofArticle
31or32norshallitbeentitledtoashareoftheother
assetsoftheCouncilunderthetermsofArticle53onthe
terminationofthisAgreement.
Article53
Duration,extensionandtermination
(a)ThedurationofthisAgreementshall,exceptas
otherwiseprovidedinthisArticleorinparagraph(b)
ofArticle47,befiveyearsfromthedateofentry
intoforce.
(b)TheCouncilmaybyatwo-thirdsmajorityofthe
totalvotesheldbyallproducingcountriesanda
two-thirdsmajorityofthetotalvotesheldbyall
consumingcountriesextendthedurationofthis
Agreementbyaperiodorperiodsnotexceeding
twelvemonthsinall.
(c)TheCouncil,inarecommendation totheContract­
ingGovernments ,notlaterthanfouryearsafterthe
entryintoforceofthisAgreement,shallinformthem
whetheritisnecessaryandappropriatethatthis
Agreementshouldberenewedand,ifso,inwhat
form;itshallatthesametimeconsiderwhatthere­
lationshipbetweenthesupplyofanddemandfortin
islikelytobeattheexpirationofthisAgreement.
(d)(i)AContractingGovernmentmayatanytimegive
noticeinwritingtotheExecutiveChairmanthat
itintendstoproposeatthenextmeetingofthe
CounciltheterminationoftheAgreement .
(ii)IftheCouncil,byatwo-thirdsmajorityofthe
totalvotesheldbyallproducingcountriesand
byallconsumingcountries,adoptstheproposal(ii)TheCouncilshallassesstheobligationsinto
whichithasenteredinrespectofitsstaffand
shall,ifnecessary,takestepstoensurethat,by
meansofasupplementary estimatetotheAd­
ministrativeAccountraisedinaccordancewith
Articles15and16,sufficientfundsaremade
availabletomeetsuchobligations;
(iii)AfterallliabilitiesincurredbytheCouncil,other
thanthoserelating10thebufferstockaccount,
havebeenmet,theremainingassetsshallbedis­
posedofinthemannerlaiddowninthisArticle.
(g)IftheCounciliscontinuedorifabodyiscreatedto
succeedtheCouncil,theCouncilshalltransferits
archives,statisticalmaterialandsuchotherdocu­
mentsastheCouncilmaydeterminetosuchsucces­
sorbodyandmaybyadistributedtwo-thirdsmajor­
itytransferalloranyofitsremainingassetstosuch
successorbody.
(h)IftheCouncilisnotcontinuedandnosuccessor
bodyiscreated:
(i)TheCouncilshalltransferitsarchives,statistical
materialandanyotherdocumentstotheSecre­
tary-GeneraloftheUnitedNationsortoanyin­
ternationalorganisationnominatedbyhimor,
failingsuchnomination,astheCouncilmayde­
termine;
(ii)Theremainingnon-monetary assetsofthe
Councilshallbesoldorotherwiserealizedin
suchamannerastheCouncilmaydirect;and
(iii)Theproceedsofsuchrealizationandanyremain­
ingmonetaryassetsshallthenbedistributedin
suchamannerthateachparticipatingcountry
shallreceiveashareproportionatetothetotalof
thecontributions whichithasmadetotheAd­
ministrativeAccountestablishedunderArticle
15.

372 OfficialJournaloftheEuropeanCommunities
Article54 (vi)NotificationsoftheterminationofthisAgreement,
inaccordancewithArticle53.
Article55
CertifiedcopyoftheAgreement
Assoonaspossibleafterthedefinitiveentryintoforceof
thisAgreement,thedepositaryGovernmentshallsenda
certifiedcopyofthisAgreementineachofthelanguages
mentionedinArticle56totheSecretary-General ofthe
UnitedNationsforregistrationinaccordancewithAr­
ticle102oftheCharteroftheUnitedNations.Any
amendmentstothisAgreementshalllikewisebecom­
municated .NotificationsbythedepositaryGovernment
ThedepositaryGovernmentshallnotifyallGovern­
mentsrepresentedattheUnitedNationsTinConference,
1970,allGovernments membersoftheThirdInterna­
tionalTinAgreement,allGovernments whichhaveac­
cededtothisAgreementinaccordancewiththeprovi
sionsofArticle48,theSecretaryoftheCouncilandthe
Secretary-General oftheUnitedNationsofthe
following:
(i)Signatures,ratifications,approvals,acceptances
andnotificationsofintentiontoratify,approveor
accept,inaccordancewithArticle44,45or47;
(ii)TheentryintoforceofthisAgreement,bothdefini­
tiveandprovisionalinaccordancewithArticle46
or47;
(iii)Accessionsandnotificationsofseparateparticipa­
tion,inaccordancerespectivelywithArticle48or
49;
(iv)Notificationsofratification,approvaloraccep­
tanceofamendmentsanddatesoftheirentryinto
force,inaccordancewithArticle51;
(v)Notificationsofwithdrawalandofcessationofpar­
ticipation;andArticle56
AuthentictextsoftheAgreement
ThetextsofthisAgreementintheEnglish,French,Rus­
sianandSpanishlanguagesareallequallyauthentic,the
originalsbeingdepositedwiththeGovernmentofthe
UnitedKingdomofGreatBritainandNorthernIreland,
whichshalltransmitacertifiedcopythereoftoeachsig­
natoryandaccedingGovernmentandtotheSecretaryof
theCouncil.
INWITNESSWHEREOFtheundersigned,havingbeendulyauthorizedtothiseffectbytheirrespective
Governments ,havesignedthisAgreementonthedatesappearingoppositetheirsignatures.

OfficialJournaloftheEuropeanCommunities 373
ANNEXA
Percentagesandvotesofproducingcountries
Country PercentageVotes
Initia]Additional Total
Australia 2-82 5 27 32
Bolivia 1698 5 164 169
Congo(DemocraticRepublicof) 4-51 5 44 49
Indonesia 914 5 88 93
Malaysia 45-83 5 442 447
Nigeria(FederalRepublicof) 6-36 5 61 66
Thailand 1436 5 139 144
Total 10000 35 965 1000
Note
ThecountriespercentagesandvoteslistedinthisannexarethosearrivedatduringtheUnitedNationsTin
Conference,1970,atwhichtheFourthInternationalTinAgreementwasdrawnup.Thelistofnamesand
thefiguresaresubjecttorevisionfromtimetotimeinaccordancewiththeoperationoftheprovisionsof
theAgreement.

374 OfficialJournaloftheEuropeanCommunities
ANNEXB
Tonnagesandvotes.ofconsumingcountries
CountryTonnage
metrictonsVotes
Initial .Additional Total
Austria 600 5 3 8
Belgium/Luxembourg 2770 5 15 20
Bulgaria 254 5 1 6
Canada 4508 5 24 29
China(Taiwan) 284 •5 2 7
Czechoslovakia 3153 5 17 22
Denmark 737 5 4 9
FederalRepublicofGermany 12010 5 63 68
France 10430 5 55 60
Hungary1151 5 6 11
India 4234 5 22 27
Italy 6319 5 33 38
Japan 23046 5 121 126
Mexico 1612 5 8 13
Netherlands 4555 5 24 29
Philippines 630 5 3 8-
Poland 3470 5 18 23
RepublicofKorea 265 5 1 6
Spain1798 5 9 14
Turkey 914 5 5 10
UnitedKingdom 17705 5 93 98
UnitedStates· 58970 5 310 315
UnionofSovietSocialistRepublics 6600 5 35 40
Yugoslavia1565 5 8 13
Total 167580 120 880 100Ó
Note
Thecountries,tonnagesandvoltslistedinthisannexarethosearrivedatduringtheUnitedNationsTin
Conference ,1970,atwhichtheFourthInternationalTinAgreementwasdrawnup.Thelistofnamesand
thefiguresaresubjecttorevisionfromtimetotimeinaccordancewiththeoperationoftheprovisionsof
theAgreement .

OfficialJournaloftheEuropeanCommunities 375
ANNEXC
PARTONE
Circumstances inwhichtinshallbedeemedtohavebeenexportedforthepurposesofexportcontrol
ThetextofAnnexCofthisAgreementshallbetherevisedtextofAnnexCinforceatthedateoftermi­
nationoftheThirdInternationalTinAgreement .
InthecaseofAustraliatinshallbedeemedtobeexportedonthedateofshipmentshownintheRestricted
GoodsExportPermitissuedundertheCustoms(ProhibitedExports)Regulations ,providedthatactual
shipmenttakesplacewithinfourteendaysofthatdate.
PARTTWO
Importsintoproducingcountries
ForthepurposeofdeterminingnetexportsoftinunderArticle33,importsdeductiblefromexportsduring
acontrolperiodshallbetheamountimportedintotheproducingcountryconcernedduringthequarter
immediatelyprecedingthedeclarationofthecontrolperiodinquestion,providedthattinimportedfor
smeltingandexportedshallnotbetakenintoaccount.
ANNEXD
Conditionsforspecialexports
TheconditionreferredtoinArticle34arethattheproposedspecialexportisdestinedtoformpartofa
governmentstockpileandunlikelytobeusedforanycommercialorindustrialpurposeduringthecurrency
ofthisAgreement .
ANNEXE
StocksinproducingcountriesunderArticle36
CountryTonnage
mctrictons
Australia -2200
Bolivia 7511
Congo(DemocraticRepublicof) 2000
Indonesia 4126
Malaysia 18331
Nigeria(FederalRepublicoí) 2185
Thailand 5298
ANNEXF
Additionalstockswonunavoidably
Country OthermineralTincontentof
concentratespermitted
tobestocked
additionallyforeach
tonofothermineral
mined:tons
Australia Tantalo-columbite 1-5
Congo(DemocraticRepublicof)Tantalo-columbite 1-5
Nigeria(FederalRepublicof)Columbite 1-5
Thailand Wolframite-scheelite 1-5

376 OfficialJournaloftheEuropeanCommunities
ANNEXG
Rulesforthere-determination ofthepercentagesoftheproducingcountries
RuleJ
Thefirstre-determination ofthepercentagesoftheproducingcountriesshallbemadeatthefirstmeet­
ingoftheCouncilunderthisAgreement.Thisre-determination shallbemadeonthebasisofthelast
fourquartersforwhichFiguresoftheproductionoftinineachoftheproducingcountriesareavailable.
Rule2
Furtherre-determination ofthepercentagesshallbemadeatyearlyintervalsfollowingthefirstre-de­
termination,providedthatnoperiodsubsequenttothequartersreferredtoinRule1shallhavebeen
declaredtobeacontrolperiod.
Rule3
Shouldanyperiodbedeclaredtobeacontrolperiod,nofurtherre-determination ofthepercentages
shallbemadeuntilafurtherfourconsecutivequartershavenotbeendeclaredtobecontrolperiods;a
furtherre-determination shallthenbemadeassoonasfiguresfortheproductionoftinineachofthe
producingcountriesinsuchfourconsecutivequartersareavailable;andsubsequentre-determinations
shallbemadeatyearlyintervalsthereafterforaslongasnoperiodisdeclaredtobeacontrolperiod.A
similarprocedureshallbefollowedifanysubsequentperiodisdeclaredtobeacontrolperiod.
Rule4
ForthepurposeofRules2and3re-determination shallbedeemedtohavebeenmadeatyearlyinter­
valsiftheyaremadeinthesamequarterofthecalendaryearasweretheprecedingre-determinations .
Rule5
Atthefirstre-determination ,madeunderRule1,newpercentagesfortheproducingcountriesshallbe
determinedindirectproportiontotheproductionoftinineachofthemduringthefourquartersreferred
toinRule1.
Rule6
Insubsequentre-determinations ,madeunderRule2,thenewpercentagesshallbecalculatedas
follows:
(i)Thepercentagesinthesecondre-determination shallbeindirectproportiontotheproductionoftin
ineachoftheproducingcountriesinthelatesttwenty-fourconsecutivecalendarmonthsforwhich
figuresareavailable;and
(ii)Thepercentagesinthethirdre-determination ,andalllaterre-determinations ,shallbeindirectpro­
portiontotheproductionoftinineachoftheproducingcountriesinthelatestthirty-sixconsecu­
tivecalendarmonthsforwhichfiguresareavailable.
Rule7
Insubsequent .re-determinations ,madeunderRule3,thenewpercentagesshallbecalculatedas
follows:
(i)Thepercentagesinthefirstsubsequentre-determination shallbeindirectproportiontothesumof
theproductionoftinineachoftheproducingcountriesinthelatesttwelveconsecutivecalendar
monthsforwhichfiguresareavailableandinthefourquartersimmediatelyprecedingthatcontrol
period;and
(ii)Thepercentagesinthenextfollowingre-determinations ,providedthatnoperiodshallhavebeen
declaredtobeacontrolperiod,shallbeindirectproportiontotheproductionoftinineachofthe
producingcountriesinthelatestperiodsoftwenty-fourandthirty-sixconsecutivecalendarmonths
respectivelyforwhichfiguresareavailable.
Rule8
Forthepurposesoftheforegoingrules,ifanyproducingcountryhasfailedtomakeavailabletothe
Councilitsproductionfiguresforanyperiodoftwelveconsecutivecalendarmonthswithinonemonth
ofthedatebywhichfourproducingcountrieshavemadetheirfiguresavailable,theproductionofthat
countryforsuchperiodoftwelvemonthsshallbecalculatedbymultiplyingbytwelvetheaverage
monthlyrateofproductionduringtheperiodasshownbysuchfiguresasareavailableanddeducting
fivepercentfromtheamountsocalculated.
Rule9
Figuresoftheproductionoftininanyproducingcountryforanyperiodearlierthanforty-twomonths
beforethedateofanyre-determination shallnotemployedinthatre-determination .

OfficialJournaloftheEuropeanCommunities 377
Rule10
Notwithstanding theprovisionsoftheforegoingrules,theCouncilmayreducethepercentageofany
producingcountrywhichhasfailedtoexportthewholeofitspermissibleexporttonnageasdetermined
undo1paragraph(k)ofArticle33oranygreateramountacceptedbyitunderparagraph(n)ofthatAr­
ticle.Inconsideringitsdecision,theCouncilshallregardasmitigatingcircumstances thatthe
producingcountryconcernedsurrenderedunderparagraph(n)ofArticle33apartofitspermissible
exporttonnageintimeforeffectivestepstobetakenbytheotherproducingcountriestomakegoodthe
deficitorthattheproducingcountryconcernedwhichhasfailedtoexporttheamountdeterminedunder
paragraph(o)ofArticle33hasexportedthewholeofitspermissibleexporttheamountdetermined
undo1paragraph(k)or(n)ofArticle33.
Rule11
IfareductioninthepercentageofanyproducingcountryismadeinaccordancewithRule10,theper­
centagesomadeavailableshallbedistributedamongtheotherproducingcountriesinproportionto
theirpercentagescurrentatthedateofthedecisiontomakethereduction.
Rule12
If,bytheapplicationoftheforegoingrules,thepercentageofaproducingcountryisreducedtoless
thantheminimumfigurepermittedbytheoperationoftheprovisotoparagraph(mXQofArticle33,
thenthepercentageofthatcountryshallberestoredtosuchminimumfigureandthepercentagesofthe
otherproducingcountriesshallbeproportionately reducedsothatthetotalofthepercentagesisres­
toredtoonehundred.
Rule13
Forthepurposesofparagraph(mXii)ofArticle33,thefollowingcircumstances interaliamaybere­
gardedasexceptional :anationaldisaster,amajorstrikewhichhasparalysedthetinminingindustry
forasubstantialperiod,amajorbreakdownofpowersuppliesorofthemainlineoftransporttothe
coast.
Ride14
Forthepurposesoftheserules,thecalculationforproducingcountrieswhicharesubstantialconsumers
oftinderivedfromtheirdomesticmineproductionshallbebasedontheirexportsoftinandnoton
mineproductionoftin.Inthefirstre-determination ofAnnexAunderRule1thecalculationinthe
caseofAustraliashallbeonthebasisofthelastfourquartersforwhichexportfiguresoftinareavail­
ableprovidedthatthepercentagefigurearrivedatshallbeequivalenttoatonnagefigurenotlessthan
4572tons.
Rule15
Inthisannextheexpression'theproductionoftinshallbedeemedtoreferexclusivelytomineproduc­
tion,andsmelterproductionshallaccordinglybeignored.

378 OfficialJournaloftheEuropeanCommunities
ANNEXH
Procedureforascertainingsharesinthebufferstock
Forthepurposeofascertainingtheshareofeachcontributingcountryinthebufferstock,theManager
shalladoptthefollowingprocedure:
(i)Thecontributionsofeachcontributingcountrytothebufferstock(excludinganyvoluntarycontri­
butionorpartofavoluntarycontributionwhichhasbeenmadeunderparagraph(a)ofArticle22
andwhichhasbeenrefundedunderparagraph(c)ofArticle22)shallbeevaluated,andforthis
purposeanycontributionorportionofanycontributionmadebyacontributingcountryinmetal
shallbecalculatedatthefloorpriceineffectonthedateofentryintoforceofthisAgreementand
shallbeaddedtothetotalcontributionsmadebythatcountryincash.
(ii)AHthetinmetalheldbytheManageronthedateofterminationofthisAgreementshallbevalued
onthebasisofthesettlementpriceoftinontheLondonMetalExchangeonthatdateandan
amounttothatvalueshallbeaddedtothetotalcashheldbyhimatthatdateaftersettingasidea
sumasrequiredbyparagraph(a)ofArticle31.
(iii)Ifthetotalarrivedatunderclause(ii)ofthisAnnexisgreaterthanthesumtotalofallthecontri­
butionsmadetothebufferstockbyallthecontributingcountries(calculatedinaccordancewith
clause(i)ofthisAnnex)thesurplusshallbeapportionedamongthecontributingcountriesinpro­
portiontothetotalcontributionstothebufferstockofeachcontributingcountrymultipliedbythe
numberofdaysthatsuchcontributionshavebeenatthedisposaloftheManageruptothetermi­
nationofthisAgreement.Forthispurposecontributionsintinmetalshallbecalculatedinaccord­
ancewithclause(i)ofthisAnnexandeachindividualcontribution(inmetalorincash)shallbe
multipliedbythenumberofdaysthatithasbeenatthedisposaloftheManagerand,forthepur­
poseofcalculatingthenumberofdaysthatacontributionhasbeenatthedisposaloftheManager,
neitherthedayonwhichthecontributionwasreceivedbyhimnorthedayoftheterminationof
thisAgreementshallbecounted.Theamountofsurplussoapportionedtoeachcontributingcoun­
tryshallbeaddedtothetotalofthecontributionsofthatcountry(calculatedinaccordancewith
clause(0ofthisAnnex):Provided,however,thatincalculatingtheapportionment ofsuchasur­
plusaforfeitedcontributionshallnotberegardedashavingbeenatthedisposaloftheManager
duringtheperiodofforfeiture.
(iv)Ifthetotalarrivedatunderclause(ii)ofthisAnnexislessthanthesumofallthecontributions
madetothebufferstockbyallthecontributingcountries,thedeficitshallbeapportionedamong
thecontributingcountriesinproportiontotheirtotalcontribution .Theamountofthedeficitso
apportionedtoeachcontributingcountryshallbedeductedfromthetotalofthecontributionsof
thatcountry.Thecontributionreferredtointhisclauseshallbecalculatedinaccordancewith
clause(0ofthisAnnex.
(v)Theresultoftheforegoingcalculationshallinthecaseofeachcontributingcountrybetreatedas
itsshareofthebufferstock.