766             FOREIGN RELATIONS, 19 5 0, VOLUME I

  8. Would hope that unnecessary to go as far at this time in-appearing
to meet Brit views as language numbered para 9 urtel might imply. We
should be in better position appraise prospects of obtaining acceptance
Fund's reports as Working Party proceeds in views other dels becom-
ing apparent.
                                                              AcHEs-oN

International Trade Files, Lot 57D284, Box 165, Folder "Balance of Payments"
Statement by the United States Delegation to the Fifth Session of the
       Contracting Parties to GATT, in Working Party "K" 1

SECRET                                  [ToRzQUAY, November 17, 1950.1
  MR. CHAIRMAN: At the close of Wednesday's session, the Working
Party concluded its development of the facts bearing on the matter
of the consultations between the Contracting Parties and the United
Kingdom. We are indebted to the representative of the United King-
dom for the lucid statement which he made at the opening of the
consultation. We are also greatly indebted to the International
Monetary Fund for the comprehensive analysis of the relevant factors
which it has made available to the Contracting Parties. We believe
that our task has been made much easier and our labours have been

  1The Contracting Parties began their consultations on import restrictions
imposed for balance of payments reasons under Article XII, on November 10.
The consultations which were conducted in Working Party "K" extended
until
December 8, and had the following terms of reference:
  "To initiate the consultations with Australia, Ceylon, Chile, India,
New
Zealand, Pakistan, Southern Rhodesia, and the United Kingdom under the
provisions of paragraph 4(b) of Article XII and in the course of these con-
sultations to consult with the International Monetary Fund as provided for
in
paragraph 2 of Article XV and to report back to the Contracting Parties."
On December 8, the Contracting Parties approved the "Recommendations"
of
the Report of Working Party "K," which were that the CP's take
note of the
Report and record that with the adoption of the Report, the consultations
(resulting from the invitation to consult issued at the Fourth Session of
the
CP's) were concluded.
  The Report of Working Party "K" is a lengthy document (with annexes)
which not only describes the discussions in detail but also enumerates the
rele-
vant GATT documentation and is incorporated into GATT Doc. Secret/CP/13/
Rev. 1, 8 December 1950 (Lot 57D284, Box 112, Folder "8. Intensification
[of
Import Restrictionsj"). Lot 57D284 has much of this documentation in
Boxes
111 and 112 (with particular reference to the Folder "GATT/CP.5/K Secret/
1-26"). A guide to the entire documentation of the Fifth Session is
found in
Doe. GATT/CP/INF/6, 10 January 1951, "List of Documents Issued from
3 August 1950 to 20 December 1950" (Lot 57 D284, Box 111, Binder "5th
Sess
& 3d TN's").
  The Confidential Report of the United States Delegation Chairman on this
session has not been located, and the public report is unilluminating on
the
Article XII consultations. The complete cable file of the Delegation is found
in Lot 57D284, Box 139, but apparently the matter was not much committed
to cable transmission. The "personal and confidential" letters
by the Delegation
Chairman that follow this "Statement" throw light on events that
is not reflected
in other documentation.