Page:United States Statutes at Large Volume 57 Part 2.djvu/404

 1040 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [57 STAT. Fourth. The S.C.I.P.A. will be a dependency of the Technical Institute of Immigration and Colonization and the Chief of the Food Production Mission in Venezuela shall be the Technical Director of the S.C.I.P.A. Fifth. The S.C.I .P.A. shall have its domicil in the city of Caracas, capital of the United States of Venezuela. Sixth. The necessary funds for the operation of the S.C .I .P.A. shall be provided within a period of one year through payments up to five hundred thousand dollars ($500,000) on the part of the Govern- ment of the United States of America, and payments up to one million five hundred thirty thousand bolivares (Bs.1,530,000) on the part of the Government of the United States of Venezuela. The Govern- ment of the United States of America will also furnish additional sums up to five hundred thousand dollars ($500,000), provided of course that this modus vivendi is extended for another year and that the Congress of the United States of Venezuela opportunely includes allotments in the General Revenue and Public Expenditures Budget permitting expenditure of an additional sum up to one million five hundred thirty thousand bolivares (Bs.1,530,000), for the same pur- pose previously stated. Seventh. The funds to be contributed by the Government of the United States of America shall be transferred to the S.C.I .P .A. as required by the progress of the work performed and according to agreement between the Minister of Agriculture and Animal Hus- bandry, the Director of the Technical Institute of Immigration and Colonization, and the Chief of the Food Production Mission in Venezuela. The funds to be supplied, on its part by the Govern- ment of the United States of Venezuela, shall be transferred to the S.C.I .P .A. in proportion to the amounts provided by the Government of the United States of America at the rate of three bolivares six centimes (Bs.3,06) per dollar. EIighth. The contributions determined in clause six of this modus invendi, after deducting cost of equipment, machinery, and other effects supplied by both governments, shall be deposited in the Banco Agricola y Pecuario, to the order of the Technical Institute of Immigration and Colonization in the form of a special current account in the name of the S.C.I .P .A., which shall utilize them in the execution of the cited foodstuffs production plan. The men- tioned account current must be used by means of checks jointly signed by the Director of the Technical Institute of Immigration and Colonization and by the Technical Director of the S.C.I .P .A. who shall comply strictly with the instructions or rules formulated to this effect in agreement with the Minister of Agriculture and Animal Husbandry. Ninth. The sum of five hundred thousand dollars ($500,000) referred to in clause six of this modus vivendi, which must be inte- grally invested in the production of foodstuffs of primary necessity in Venezuela, shall constitute the total contribution of the Govern-

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