91 STAT. 1710
90 Stat. 3105.
PROCLAMATION 4477—NOV. 16, 1976
5. Section 203(d)(2) of the Trade Act (19 U.S.C. 2253(d)(2) requires that any quantitative restriction proclaimed pursuant to section 203 subsection (a) or (c), and any marketing agreement negotiated pursuant to subsection (a), shall "permit the importation of a quantity or value of the article which is not less than the quantity or value of such article imported into the United States during the most recent period which the President determines is representative of imports of such article". Based on data that was not available on June 11, 1976, I have determined that the inclusion of the steel described in new headnote 2(a) (iv) proclaimed below in the quantitative limitation for item 923.24 would result in the importation of a quantity or value of specialty steel into the United States which is less than that quantity or value imported into the United States during the most recent period determined by me in recital 6 of the Proclamation 4445 to be representative of imports of alloy tool steel. 6. In order to provide appropriate quantitative limitations in accordance with the statutory requirements referred to in recital 5 above, I have determined to delete item 923.24 and to include alloy tool steel formerly provided for in item 923.24 separately in new items 923.25 and 923.26, and to proclaim separate quantitative limitations for imports included in each new item. THEREFORE, I, GERALD R. FORD, President of the United States of America, acting under the authority vested in me by the Constitution and the statutes of the United States of America, including section 203 of the Trade Act (19 U.S.C. 2253), do hereby proclaim, until the President otherwise proclaims or until otherwise superseded by law that: A. Subpart A, part 2, of the Appendix to the Tariff Schedules of the United States (19 U.S.C. 1202) is modified as follows: (i) by deleting "923.24" from the first sentence of headnote 2 and substituting "923.26" in lieu thereof. (ii) by deleting "923.24" from headnote 2(a) (iii) and substituting "923.25 and 923.26" in lieu thereof. (iii) by renumbering paragraph (a) (iv) of headnote 2 thereof (a)(v) and inserting the following new paragraph (a) (iv) in numerical sequence: "(iv) The alloy tool steel provided for in item 923.25 is limited to alloy tool steel of the types provided for in items 608.52, 608.76, 608.78, 608.85, 608.88, 609.06, 609.07. and 609.08, which contain, in addition to iron, each of the following elements by weight in the amounts specified:
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carbon: not less than 0.95 nor more than 1.13 percent; manganese: not less than 0.22 nor more than 0.48 percent; sulfur: none, or not more than 0.03 percent; phosphorus: none, or not more than 0.03 percent; silicon: not less than 0.18 nor more than 0.37 percent; chromium: not less than 1.25 nor more than 1.65 percent; nickel: none, or not more than 0.28 percent; copper: none, or not more than 0.38 percent; molybdenum: none, or not more than 0.09 percent.
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(iv) by deleting "923.24" from headnote 2(b) and substituting "923.26" in lieu thereof.
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