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ANNEX B TO ARTICLE III Guaranteed Sales

♦Unless the Council decides otherwise, 72 metric tons of wheat-flour shall be deemed equivalent to 100 metric tons of wheat for the purpose of relating quantities of wheat-flour to the quantities specified in this Annex. **ln the event of the provisions of Article X being invoked by reason of a short crop it will be recognized that these guaranteed sales do not include the minimum requirements of wheat of any Occupied Area for which the United States of America has, or may assume, supply responsibility, and that the necessity of meeting these requirements will be one of the factors considered in determining the ability of the United States of America to deliver its guaranteed sales under this Agreement.

Article IV Recording of Transactions A-gainst Guaranteed Quantities 1. The Council shall keep records for each crop-year of those transactions and parts of transactions in wheat which are part of the guaranteed quantities in Annexes A and B to Article 111. 2. A transaction or part of a transaction in wheat grain between an exporting country and an importing country shall be entered in the Council's records against the guaranteed quantities of those countries for a crop-year: (a) Provided that (i) it is at a price not higher than the maximum nor lower than the minimum specified in or determined under Article VI for that crop-year, and (ii) the exporting country and the importing country have not agreed that it shall not be entered against their guaranteed quantities ; and (b) To the extent that (i) both the exporting and the importing country concerned have unfulfilled guaranteed quantities for that crop-year, and (ii) the loading period specified in the transaction falls within that crop-year. 3. If the exporting country and,the importing country concerned so agree, a transaction or part of a transaction made under an agreement for the purchase and sale of wheat entered into prior to the entry into force of Part 2 of this Agreement shall, irrespective of price but subject to the conditions in (b) of paragraph 2of this Article, also be entered in the Council's records against the guaranteed quantities of those countries.

Equivalent ia , Crop-year August i to July 31. 1949-50. 1950-51. 1951-52. 1952-53-Bushels for Each Crop-year. (Thousands of metric tons*) Australia 2,177 2,177 2,177 •2,177 80,000,000 Canada ... ... 5,527 5,527 5,527 5,527 203,069,635 France 90 90 90 90 3,306,934 United States of America** 4,574 4,574 4,574 4,574 168,069,635 Uruguay 50 •50 50 50 1,837,185 Total 12,418 12,418 12,418 12,418 456,283,389