CHINA-TRADE -JULY 3, 1948 As long as such a condition exists, and if consultation with the Govern- ment of the United States of America fails to reach an agreed solu- tion to the problem, it is understood that it would not be inconsistent with the undertaking in point 1 for the Government of China to levy a countervailing duty on imports of such goods equivalent to the esti- mated amount of such subsidization, where the Government of China determines that the subsidization is such as to cause or threaten ma- terial injury to an established domestic industry or is such as to prevent or materially retard the establishment of a domestic industry. 5. The undertakings in this note shall remain in force until January Duration. 1, 1951, and unless at least six months before January 1, 1951, either Government shall have given notice in writing to the other of intention to terminate these undertakings on that date, they shall remain in force thereafter until the expiration of six months from the date on which such notice shall have been given. Please accept, Excellency, the renewed assurances of my highest consideration. J. LEIGHTON STUART His Excellency Dr. WANG SHIH-CHIEH, Minister for ForeignAffairs, Ministry of ForeignAffairs, Nanking. 62 STAT.] 2983
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