61 STAT.] PARAGUAY-RECIPROCAL TRADE-SEPT. 12, 1946 of the United States of America included in Schedule I of the Agree- ment. I have the honor to confirm the understanding set forth in Your Excellency's note. Please accept, Mr. Ambassador, the renewed assurances of my highest consideration. MIGUEL ANGEL SOLER His Excellency WILLARD L. BEAULAC, Ambassador Extraordinaryand Plenipotentiaryof the United States of America, City. REPUBLIC OF PARAGUAY Asunci6n, September 12, 1946. - MR. AMBASSADOR: I have the honor to acknowledge the receipt of Your Excellency's note of today's date, and to confirm the understanding of the two Governments set forth therein that Paragraph 2 of Article XV of the Trade Agreement signed today will be interpreted to mean that advantages which the United States now or hereafter accords to the Republic of the Philippines are excepted from the operation of the Agreement. Accept, Mr. Ambassador, the renewed assurances of my highest consideration. MIGUEL ANGEL SOLER His Excellency WILLARD L. BEAULAC, Ambassador Eztraordinaryand Plenipotentiaryof the United States of America, City. 2727
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