500 REPORT ON COOPERATION IN AMERICAN EXPORT TRADE,

trator for the said president. The contents of this document shall be brought
to the notice of the member to whom it refers, and he shall have five days to
appear before the samé judge and name the arbitrator whom he has the right
to designate. If within the five days he does not appear, or if the person named
by him does not accept the place, it is understood that the board of arbitration
be finally constituted, without any further procedure, by the nomination made
in the form indicated by the board of directors;
C. The period of five days mentioned in the preceding section shall be
increased by 30 days in favor of anyone who has been notified outside the
Province of Tarapaca;
D. If within the time indicated in section A the third arbitrator has not
been named, the justice of the peace of Iquique shall name him on the petition
of either of the parties;
E. The arbitrators named in conformity with the preceding sections, and
with the fullest powers of arbitrators or friendly conciliators, shall proceed to
acquaint themselves with the difference stated in the petition referred to in
section B and shall decide the matter at the latest in the period of 15 days,
which period can not be extended;
If within this period they do not give their decision, the case shall be decided
by the third arbitrator referred to in sections A and D without further proceedings
 and without further appeal in the succeeding 15 days;
F. The final decision of the arbitrators shall be communicated to the justice
of the peace of Iquique, so that he may bring it to the attention of the parties,
nnd it shall have the force of a decision of a court for the purpose of making
its findings effective on petition of any of the parties at interest;
@G. In the decision of the arbitrators the amount of the fine, if any, must be
fixed, and also the damages to be paid;
H. All other differences in respect to the provisions of this agreement which
arise between the board of directors of the association and one or more of the
members thereof, and the decision of which has not been provided for in this
constitution, shall be submitted to the decision of arbitrators in the form
provided for in this article,
ArT. 12. It is understood that the word {odin, used so frequently In this
constitution, refers not only to crude and refined iodin, but also to compounds
of iodin, as, for example, todid of copper or of potassium, ete, and that these
compounds or mixtures shall be covered by the combination and shall be rated
according to their iodin content.

THE ADMINISTRATION OF THE ASSOCIATION.

ArT. 13. The association shall be govérned in Iquique by a board of directors
composed of 10 actual producers of iodin, or representatives of the same in
the general management of their business, and of two delegates of producers
putside the Province of Tarapaca, if the latter name any. In case these delegates
 are named they must fulfill the conditions prescribed in article 5, The
representative of the agents of the consignees and general agents of the combination
 in Europe shall also have the right of speech and vote in the meetings
of the bourd of directors in Iquique, but only in case none of their representatives
 has been clected as proprietary director.
ART. 14. The directors shall be elected at the second general meeting of producers
 of iodin each year by secret ballot and by a majority of all votes.
ART. 15. Any producer, whatever his place of residence, may be elected director,
 but those who reside outside the Province of Tarapaca must be represented
In the exercise of their duties by a person who fulfills the required qualifications
for a propretary director.
ART. 16. In case of the death or absence of any proprietary director, his place
shall be taken by another representative of the concern of which he had
formed a part, or, lacking this, by a proxy named by the board of directors; and
the vote of this representative shall be considered as valid as that of a proprietary
 director.
ArT. 17. The directors shall hold office for one year or until a new board of
directors has been elected at a meeting of members; and they may be reelected.
Whenever the combination shall cease to exist, the last board of directors
elected shall have power to name a commission, which shall have all the powers
necessary to hring about the dissolution of the association,