TH CUB AW BV 1 EW 41 
pletion of the crop. Adjustments shall be made from time to time by the committee to 
ensure to each producer his pro rata share of shipments. 
2. Said committee is authorized to constitute a fund by retaining % of 1% 
of the invoice price of all sugars shipped to ports of the United States and Canada, 
from which the committee may pay any brokerage that it may deem necessary or 
desirable to pay to the United States or Canada in connection with any sugar sold 
by it; the balance of such a fund to be distributed to the parties interested on the 
final accounting. 
8. Said committee is also authorized to retain from the selling price % of 1% 
of the invoice price of all sugars shipped to ports other than the United States and 
Canada, to pay brokerage in connection with such sales. 
4, The committee is also authorized to retain 1c per bag on all sugars shipped 
out of Cuba to constitute a fund from which the committee may pay Cuban local 
brokers such brokerage as it may in its judgment deem advisable for their services 
as brokers in connection with the sale of sugars and the adjustment of the fortnightly 
and monthly average settlement prices and for similar services. 
5. Inasmuch as sales will be made from time to time at different prices, the 
following method of settlement will be followed: 
The committee shall from time to time fix and announce a basic price upon: 
which payments shall be made to the shipper on account of all shipments made by 
him. The shipper shall draw with shipping documents attached, on the buyers desig- 
nated by the committee for 95% of the basic price, the remaining 5% of said basic 
price to be paid by the buyer in cash to shipper upon final liquidation of each 
shipment. 
The difference between the inyoice price and basic price shall be collected by 
drafts drawn by the shipper against the buyer to the order of the sugar finance 
eommittee, such drafts shall be delivered to and collected by said sugar finance com- 
mittee, and out of such collections they shall pay all charges, brokerage fees, clerical 
hire and other similar expenses incurred by the committee (but not including any 
compensation to such committee) and the balance thereof should be distributed pro 
rata from time to time as rapidly as possible. 
6. If the said decree should be repealed or should for any reasons cease to be 
in effect, the sugar finance committee may at any time on two weeks’ published notice 
terminate this agreement. 
7. it is understood that the individual members of said sugar finance committee 
are acting herein as volunteers in a purely administrative capacity without compensa- 
tion and that, therefore, they shall not incur any personal liability, individually or 
collectively, in connection with the sale and shipment of sugars, nor be responsible for 
any damage of whatever kind connected with any matter or thing related thereto, 
nor be responsible or liable for any act, fault, or misconduct of any agent or person 
employed by them; and the sellers hereby release the individual members of said 
committee from any and all claims of whatever character for personal liability or 
responsibility as aforesaid. : 
For this purpose of carrying out the above-mentioned agreement on its behalf, 
the undersigned for and on behalf of the foregoing sugar companies does hereby 
MmrevOcably, appoimt and COMStitute:.5.....-..2--5-22sss+r sore ecur sess the agent and 
representative of the foregoing sugar companies, to act for and represent it in all 
transactions or dealings of every kind with the sugar finance committee in connection 
with the sale of its sugar production for the crop 1920-1921 and all shipments thereof 
and payments to be made therefor, with full power to execute any and all agreements, 
receipts and other documents with regard to the sale of its sugars and the shipment 
thereof and the payment therefor, as said agent may in its exclusive discretion deem 
proper, hereby ratifying and confirming all that its said agent may do in the premises. 
