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except Peru, the proposal would further state that the echome is chiefly founded on the thought that export of the raw material can be restricted, a realisable thought, notably
Adoption of the scheme, however, as far as Java is concerned. could only take place by way of experiment, it being impo asible to foresee the consequences of a drastic interference with the world's traffic. Among others, there are consequences due to preferential rights to be granted to railways or vessels of certain countries, or created by fluctuatione in exchanges,
It is, which consequences cunnot be taken into account. therefore, a matter of course that for whatever reasons, any Party concerned should have power to denounce, at a relatively short notice, the agreement entered into.
The agreements set forth in the annexed drafts cannot be concluded until the previcus demands, inter alia those concorning universal adoption of the provisions of the Convention and universal introduction of the import certificato system, shall have been satisfied,
The Hague, April 1924.
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