1. To any or all of the following importing countries to the extent of Canada's guaranteed sales of 203,069,635 bushels and to the extent of the guaranteed purchases of each importing country as set out in the agreement: Austria, Belgium, Bolivia, Brazil, Ceylon, China, Colombia, Cuba, Denmark, Dominican Repub-
lie, Ecuador, Egypt, El Salvador, Greece, Guatemala, India, Ireland, Israel, Italy, Lebanon, Liberia, Mexico, Netherlands, New Zealand, Nicaragua, Norway, Panama, Paraguay, Peru, Philippines, Pprtugal, Saudi Arabia, Sweden, Switzerland, Union of South Africa, United Kingdom, Venezuela.
2. Under the agreement Canada has the right, which it may exercise, to sell the above-mentioned quantity at the minimum prices provided in the agreement; similarly the importing countries together have the right, which they may exercise, to purchase that quantity at the maximum prices provided in the agreement. Both Canada and the importing countries may discharge their obligations
to sell and purchase wheat, by sales and purchases of the specified quantities at prices between the minimum and maximum limits of prices provided in the agreement.
The above-mentioned quantity will be made up of a large number of individual transactions in both wheat and wheat flour, including private trade and government transactions, and the specific terms and dates of payment will be in accordance with the terms of the contracts covering each individual transaction, as is now the case with our trade in wheat and wheat flour.