In the period following the Rubber Study Group's seventh meeting, May 2 to 5, 1950, press reports from western markets indicated that the fear (and the subsequent reality) of a world crisis had lead to heavy stockpiling of rubber and to speculative buying—both of which contributed to higher prices. London financial circles, while expressing the views that the Rubber Study Group's 1950 consumption estimates were too low and that the market could bear the high prices, were reported to have taken a conservative view of the boom, fearing that the unrealistically high prices might force the United States to activate more of its synthetic rubber plants and thus make the position of natural rubber producers less secure. A press release of June 9, 1950, revealed that the United States government had directed the attention of the world's rubber producing and marketing countries to the “serious implications” of the price movements and on July 7 the Reconstruction Finance Corporation reopened three United States synthetic rubber plants with a total annual production capacity of 88,000 tons. There was a definite break in rubber prices on the London market during the week following the release, on August 14, of estimates by the Rubber Study Group Secretariat which showed that the world production of rubber for June had exceeded consumption demands. This development, which press reports indicated to have been welcomed by industry representatives in London, was largely attributed to the cessation of “panic buying”.

54. By its resolution 177(II), of 21 November 1947, the General Assembly decided

“to entrust the formulation of the principles of international law recognized in the Charter of the Nürnberg Tribunal and in the judgment of the Tribunal to the International Law Commission, the members of which will, in accordance with resolution 174(II), be elected at the next session of the General Assembly;”

and directed the Commission to

“(a) formulate the principles of international law recognized in the Charter of the Nürnberg Tribunal and in the judgment of the Tribunal, and

“(b) prepare a draft code of offences against the peace and security of mankind, indicating clearly the place to be accorded to the principles mentioned in sub-paragraph (a) above.”

Notingthat the Security Council, because of lack of unanimity of the permanent members, has failed to exercise its primary responsibility for the maintenance of international peace and security in regard to Chinese Communist intervention in Korea,

In your letter of October 4, you repeated proposals made by the Federal Government March 22 and September 14, 1950, and March 9, 1951, for the holding of free general, equal, secret and direct elections in the whole of Germany.

Having approved the supplementary rules of procedure relating to the participation of Italy in the work of the Trusteeship Council,

Noting that Rule A thereof provides for Italy's participation without vote in the deliberations of the Trusteeship Council relating to the Trust Territory of Somaliland under Italian administration and to general questions relating to the operation of the International Trusteeship System;

By the present Treaty the High Contracting Parties institute among themselves a EUROPEAN COAL AND STEEL COMMUNITY, based on a single market, common objectives, and common institutions.

The military defense of the Continent is essential to the stability of its democratic institutions and the well-being of its peoples; The American republics have assumed obligations under the Charter of the Organization of American States and the Inter-American Treaty of Reciprocal Assistance to assist any American states subjected to an armed attack, and to act together for the common defense and for the maintenance of the peace and security of the Continent;

The American republics at the Ninth International Conference of American States, with specific reference to "The Preservation and Defense of Democracy in America" and using as a basis Resolution VI of the second meeting of consultation, resolved to condemn the methods of every system tending to suppress political and civil rights and liberties; and in particular the action of international communism or any other totalitarian doctrine, and, consequently, to adopt, within their respective territories and in accordance with their respective constitutional provisions, the measures necessary to eradicate and prevent activities directed, assisted or instigated by foreign governments, organizations or individuals tending to overthrow their institutions by violence, to foment disorder in their domestic political life, or to disturb, by means of pressure, subversive propaganda, threats or by other means, the free and sovereign right of their peoples to govern themselves in accordance with their democratic aspirations;