Page:United States Statutes at Large Volume 59 Part 2.djvu/963

 1646 Interest. Payment of cost of services. Limit on total pur- chase price value. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [59 STAT. 1. Payment of the total purchase price of any article so trans- ferred 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 Govern- ment of Belgium from anticipating the payment of any of such installments or any part thereof. 3. If by agreement of the United States of America and the - Government of Belgium it is determined that, because of extraor- dinary and adverse economic conditions arising during the course of payment, the payment of a due installment would not be in the joint interest of the United States of America and the Government of Belgium, payment may be postponed for an agreed upon period. D. Interest on the unpaid balances of the total purchase price de- termined under Section B above for any article so transferred, shall be paid by the Government of Belgium at the fixed rate of two and three-eighths 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 Government of Belgium shall pay to the United States of America the cost of the services listed in this schedule to the extent that such services shall be rendered to the Government of Belgium 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 of America and shall be paid by the Government of Belgium in accordance with the same terms as provided for the pay- ment 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. F. The total purchase price value of all the articles and services in this Schedule 1 shall not exceed $325,200,000. Such articles and services and their estimated cost to the Government of the United States of America are as follows: Raw materials Food Petroleum Agricultural supplies Clothing, footwear and shoe repair materials Medical supplies Short life equipment for industrial and transport facilities used in war production Prisoner of war supplies Freight charges on United States vessels Total $90, 000, 000 75,000, 000 14,000, 000 18, 000, 000 5,000,000 1,500,000 77,000,000 2,500,000 42,200,000 $325, 200,000

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