b) The United States Civil Aeronautics Board has announced its intention to approve the International Air Transport Association`s rate conference machine (`I.A.T.A`), as presented in February 1946, and will be subject to board approval of all tariff agreements with these aircraft during that period and in which U.S. airlines participate. Before the Civil Aeronautics Board is empowered to set fares and compel its airlines to calculate a rate agreed between the two governments, the government, which challenges a rate, can „take whatever steps it may deem necessary to prevent the inauguration or continuation of the service in question in the sentence in question.“ After the Civil Aeronautics Board has obtained the pricing powers, the dispute is referred to PICAO for notice if the two countries fail to agree on a proposed rate. Each country declares itself ready to make its best efforts to implement the rate recommended by PICAO. This, of course, means that if the Civil Aeronautics Board is granted the power to set international tariffs, the PICAO opinion will effectively determine the issue in the event of disagreement between the two countries. In Bermuda, the United States went further than it seemed ready at the start of the Chicago conference by giving the international authority the economic power to set interest rates if the governments concerned could not agree. (f) before the date on which this jurisdiction may be conferred by law on the U.S. aviation authorities if one of the parties is dissatisfied with a new rate proposed by the carrier or the air carriers of a contracting party for services originating in the territory of one contracting party to one or more entities located in the territory of the other party. informs before the first fortnight of the 30-day period in point (c) expires and the parties are working to reach agreement on the appropriate rate.