denunciation is received, the present Treaty shall cease to be in force with respect to the Party denouncing it, but shall remain in full force and effect with respect to all the other Parties.

Brazil

F. PROPOSALS REGARDING OTHER PROVISIONS

Article 4

Each of the High Contracting Parties agrees to abstain from lending any direct or indirect assistance to aggressions or attempts against any of the other High Contracting Parties, and to prevent the carrying out within its territory of any subversive or terroristic activities for the purpose of changing the political or social regime of any of them by force.

Article 7

The High Contracting Parties shall collaborate loyally and efficiently in order to oppose aggression or threat of aggression against any of them in conditions compatible with their geographic position and their military or naval situation.

Ecuador

Article 7

1. Member States of the American Regional Agency shall apply the solidarity provisions of this Treaty with respect to any American State that does not sign or ratify it.

If the application of any of the enforcement measures set forth in Article - would create special economic problems for any of the signatory states, such state shall have the right to consult the Governing Board of the Pan American Union concerning the solution of those problems.

Panama

Article 4

Each of the High Contracting Parties agrees to abstain from lending any direct or indirect assistance to aggressions or attempts against any of the other High Contracting Parties and to prevent the exercise on its territory of any subversive or terrorist activities tending to change the political or social regime of any of them by force.

Uruguay

I

Article 5

The High Contracting Parties constitutes a regional group for all purposes envisaged in this Treaty and in the United Nations Charter. II

Article 10

The sole purpose of the obligations imposed by this Treaty shall be the maintenance of continental peace and security, with the least possible impairment of the human and economic resources of the nations. In no case shall those obligations justify increases in armaments which are not absolutely required for the needs of Continental security and/or which may endanger the internal peace of the Continent.

PART 2

Draft Resolutions Presented to Conference

PROPOSAL BY THE DELEGATION OF BOLIVIA:

Declaration on Economic Cooperation

Prior to the assembling of the Ninth Pan-American Conference of Bogotá, the Inter-American Economic and Social Council should devote itself to the study of the basis of a policy for effective cooperation between American Nations with the purpose of:

1st-giving financial and technical aid for the protection of and increase in the production of raw materials;

2nd-creating a system that will guarantee prices and the conditions of their commercial interchange.

The governments of the American nations may appoint representatives and experts on the Inter-American Economic and Social Council with the express purpose of collaborating in the study of the projects, for the more efficient accomplishment of this task. These projects shall be submitted to the governments, for their consideration, before the Ninth Pan-American Conference, so that they may draw up agree

ments on economic security in order to reinforce the political and military security system of the Continent on this basis.

PROPOSAL BY THE DELEGATION OF COLOMBIA:

Resolution on Presentation at Bogotá of a Proposal for Economic Cooperation by the Inter-American Economic and Social Council

The Inter-American Economic and Social Council will proceed to formulate, for presentation at the Ninth International American Conference at Bogotá, a proposal for economic cooperation and guarantees which may enable all the nations of America to attain the objectives of betterment of standards of living, economic development and full employment, included in the United Nations Charter, the Economic Charter of the Americas, and Chapters III and IV of the Proposal for a World Commerce and Employment Charter.

PROPOSAL BY THE DELEGATION OF MEXICO:

Resolution on Economic Cooperation

The Inter-American Conference for the Maintenance of Continental Peace and Security.

WHEREAS:

The First Consultive Conference of the Ministers of Foreign Affairs of the American Republics approved, on October 3rd, 1939, a Resolution on Economic Cooperation, declaring the convenience and necessity of establishing amongst the American Republics a close and sincere cooperation to protect their economic and financial structure, to maintain the state of balance of their budgets, to ensure the stability of their currency, to amplify and enlarge their industry, to intensify their agriculture and develop their trade;

The Second Consultive Conference adopted a Resolution on Economic and Financial Cooperation, which contains further confirmation of the Resolution to which the previous consideration refers;

The Third Consultive Conference likewise adopted a Resolution on the Maintenance of the Internal Economy of the Countries of America, wherein the principles expressed in the above-mentioned Resolutions are once more repeated;

The aforementioned Third Consultive Conference approved a Declaration on Economic Collaboration, wherein it is expounded that it is to the best interests of the continent properly to avail of the surface and mineral sources of wealth of each American country, and that,

in the spirit of unity and collaboration by which the Panamerican doctrine is inspired, plans of cooperation should be established so that, taking into consideration the economic possibilities of each country, the financing of such exploitation may be facilitated;

The Economic Charter of the Americas, adopted by the InterAmerican Conference on Problems of War and Peace, declares as a firm intention of the American Republics collaboration in a programme amongst whose objectives is the attaining of a constructive basis for the sound economic progress of the Americas, through development of their natural resources; stimulation of industry; improvement of transport; modernization of agriculture; development of power stations and public works;

If, on the one hand, economic collaboration between the American Republics is a necessity, which admits of no deferment, if the nations are to achieve the ends expounded in the Resolutions and Recommendations cited, on the other, the economic reinforcement of the Republics in question is essential to the attainment of the purposes envisaged by the Treaty for the Maintenance of Peace and Security of the Continent.

Economic and Financial cooperation between American states as cited in the various Declarations and Resolutions has, of late months. become a matter of definite urgency, due to the deep-seated disturbances which have occurred in the trade balances of the great majority of the nations of this Hemisphere and to the resulting crisis, which threatens to disrupt the economic stability of the affected countries;

Without intensive economic cooperation towards the strengthening of the internal structure of all and each of the American countries, the duties imposed by the requirements of collective defence would be incompatible with the situation of many of them, as nations in a weak economic situation could not exert a rapid and decisive protective action in the face of aggression;

To combat the causes of economic insecurity, there is a need for the same unity of action that we repute indispensable for the safeguarding of territorial security;

Resolves

1. To instruct the Inter-American Economic and Social Council to draw up a project of agreement or group of agreements on InterAmerican Economic Cooperation, whose text shall be submitted to the Ninth American International Conference, to meet in Bogotá; and 2. To urge the governments of the American Republics to enlarge the staffs of their delegations at the Inter-American Economic and Social Council, by the inclusion, as Advisors, of specialists in budgetary and economic matters, so that the Organism may itself be able

to achieve, within the shortest possible time, the elaboration of the agreement or agreements to which this Resolution refers.

PROPOSALS BY THE DELEGATION OF URUGUAY:

Declaration on Armaments

The Inter-American Conference for the Maintenance of Continental Peace and Security declares that its original purpose and that of the Treaty it has concluded is to further the peace and security of the continent and that, in consequence, no provision of the Treaty, nor even the obligation created by it, should be interpreted to justify excessive armaments nor can they be put forward as a reason for creating or maintaining armaments or armed forces beyond those necessary for the common defense in the interest of peace and security.

Declaration on the Strengthening of World Peace

The American Republics, assembled at the Inter-American Conference for the Maintenance of Continental Peace and Security which is being held in Rio de Janeiro, at the beginning of their labours, solemnly and formally,

Declare:

That they reaffirm their faith and hope that the principles of justice and international law and the sentiments of concord which obtain in the relations between the States of the Continent, may serve as a basis for the harmonization of the efforts which the United Nations are making to strengthen universal peace.

PROPOSAL OF THE DELEGATION OF BRAZIL

in Substitution of the Additions to the Preamble and Principles Presented by the Delegation of Uruguay

Inasmuch as peace is the fulfillment of Justice, which is based on moral order and protected by law,

The Inter-American Conference for the Maintenance of Continental Peace and Security,

Recommends:

That at the IX International American Conference to be held shortly in Bogotá, the institutions which implement the pacific system of security shall be studied, and among them, shall be that of obligatory arbitration for all differences which may endanger peace and which are not of a juridical nature.