§ 1. The United Kingdom Government, noting that in consequence of changes in world wheat marketing and the increase in the level of production in the United Kingdom, the traditional share of Australian wheat in the United Kingdom market has declined since the early years of the Ottawa Agreement of 1932, will consider sympathetically any measures which may from time to time be found practicable, having due regard to their domestic policies and international obligations, to improve the opportunities for the sale of Australian wheat in the United Kingdom.
§ 2. The two Governments welcome the existing arrangement for periodical negotiation between the representatives of the United Kingdom flour millers and the Australian Wheat Board for sales of Australian wheat. They affirm that it is their desire and expectation that sales of Australian wheat and flour in the United Kingdom made on commercial terms will amount to not less than 750,000 tons per annum of wheat inclusive of the wheat equivalent of such Australian flour as is imported into the United Kingdom each year.
§ 3. The two Governments agree that, if in any year imports of Australian wheat and flour (together) into the United Kingdom should fall short of 750,000 tons (wheat equivalent) or such smaller quantity as may be offered by the Australian Wheat Board on commercial terms, they will be ready to consult together, at the request of either. In the event that such consultation is requested the two Governments will for this purpose establish an inter-Governmental Committee to meet in London, to consider the reasons for the shortfall and the possible solutions. The two Governments further agree that if such consultation should not lead to an outcome satisfactory to both Governments, either Government may call for a re-negotiation of the terms of this Agreement.
§ 4. If at any time the United Kingdom Government should impose countervailing duties, which are agreed to be effective, on imports of subsidised wheat, the Government of Australia will not invoke the provisions of paragraps 3 above so long as such duties remain effectively in force.
568§ 5. Grades of Australian wheat of high protein content superior to f.a.q. and sold at a premium imported into the United Kingdom for milling and Australian wheat imported into the United Kingdom for purposes other than milling shall be regarded as being outside the scope of this Article.
§ 6. The quantity of Australian wheat referred to in paragraphs 2 and 3 of this Article means the quantity of wheat supplied for milling on the basis of being about equal to the customary official standard established for wheat of Western Australia, South Australia, Victoria or New South Wales, according to the season and State of origin, or wheat sold on sample to millers.
§ ANNEX D