Page:United States Statutes at Large Volume 59 Part 2.djvu/635

 FRANCE-MUTUAL AID-FEB. 28, 1945 incurred by the United States, as determined by the President of the United States or an officer designated by him. The United States will inform the Provisional Government of the French Republic from time to time of the amounts of such costs incurred and the bases on which they have been determined. C. Payment of the total purchase price for all articles transferred under the provisions of Article III of this Agreement, shall be made by the Provisional Government of the French Republic within a period of thirty years after the execution of this agreement. 1. Payment of the total purchase price of any article so transferred shall be made in equal annual installments the first of which shall become due and payable on July 1, 1946, or on the first of July next following the day on which such article shall have been transferred, whichever is later. 2. Nothing herein shall be construed to prevent the Provisional Government of the French Republic from anticipating the payment of any of such installments or any part thereof. 3. If, by agreement of the Provisional Government of the French Republic and of the United States of America, it is determined that, because of extraordinary and adverse economic conditions arising dur- ing the course of payment, the payment of a due installment would not be in the joint interest of the Provisional Government of the French Republic and the United States, payment may be postponed for an agreed upon period. D. Interest on the unpaid balances of the total purchase price deter- mined under paragraph B above for any article so transferred, shall be paid by the Provisional Government of the French Republic at the fixed rate of two and three-eights per cent per annum, accruing from the first day of July, 1946 or from the first day of July next following the day on which such article shall have been transferred, whichever is later. Interest shall be payable annually, the first payment to be made on the first day of July next following the first day of July on which such interest began to accrue. E. The Provisional Government of the French Republic shall pay to the United States the cost of the services listed in this schedule to the extent that such services shall be rendered to the Provisional Gov- ernment of the French Republic following the determination by the President that such services are no longer necessary to the prosecution of the war. The cost of such services, so rendered, shall be determined by the President of the United States and shall be paid by the Provi- sional Government of the French Republic in accordance with the same terms as provided for the payment of the total purchase price of the articles provided hereunder, as set forth in Section C above. Interest shall be paid on the unpaid balances of the cost of such services in accordance with the terms of section D hereof. The total purchase price value of all the articles and services in this schedule I shall not exceed $1,675,000,000. Such articles and services Terms for payment. Ante, p. 1308. Interest. Payment of cost of services. Limit on total pur- chase price value. 59 STAT.]

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