''Whereas India 1 was a State signatory to the Protocol on Arbitration Clauses setforth in the First Schedule, and to the Convention on the execution of Foreign Arbitral Awards set forth in the Second Schedule, subject in each case to a reservation of the right to limit its obligations in respect thereof to contracts which are considered as commercial under the law in force in British India ; And whereas it is expedient, for the purpose of giving effect to the said Protocol and of enabling the said Convention to become operative in [the Union of Burma] 1 2 to make certain further provisions respecting the law of arbitration ; It is hereby enacted as follows :—...''