Security Council

Extract

At the request of the United States, the Council met on April 26 to resume consideration of the Suez question. The Council had before it an Egyptian declaration on the Suez Canal and the arrangements for its operation, dated April 24, in which the government of Egypt announced that the Canal was again open for normal traffic. The declaration on arrangements for its operation comprised the following ten points: 1) The terms and the spirit of the Constantinople Convention of 1888 were reaffirmed, the Egyptian government declaring its intention to respect, observe and implement them; 2) While reaffirming its determination to respect the terms and spirit of the 1888 Convention and to abide by the Charter and the principles and purposes of the UN, the government of Egypt was confident that the other signatories of the said Convention and all others concerned would be guided by the same resolve; 3) The government of Egypt was more particularly determined a) to afford and maintain free and uninterrupted navigation for all nations within the limits of and in accordance with the provisions of the 1888 Convention; b) that tolls should continue to be levied in accordance with the last agreement, concluded on April 28, 1956, between Egypt and the Suez Canal Maritime Company, and that any increase in the current rate of tolls within any twelve months, if it took place, should be limited to 1 percent, any increase beyond that level to be the result of negotiations, and, failing agreement, to be settled by arbitration according to the procedure set forth in paragraph 7(b) of the declaration; and c) that the Canal would be maintained and developed in accordance with the progressive requirements of modern navigation and that such maintenance and development should include the eighth and ninth programs of the Suez Canal Maritime Company, with such improvements to them as were considered necessary