Page:United States Statutes at Large Volume 60 Part 2.djvu/476

 60 STAT.] UNITED KINGDOM-MUTUAL AID SETTLEMENT-MAR. 27,1946 sum found to be due. All new transactions between the two Govern- ments after December 31, 1945, will be settled by cash payment. 4. The total liability found to be due to the Government of the Terttlif dutgo United States will be discharged on the same terms as those specified. s - in the Financial Agreement concluded this day for the discharge of the credit provided therein. 5. In addition to the financial payments referred to above, the two Governments have agreed upon the following: (a) Appropriate non-discriminatory treatment will be extended to United States nationals in the use and disposition of installations in which there is a United States interest; (b) Appropriate settlements for the Lend-Lease interest in installa- tions other than in the United Kingdom and the Colonial Depend- encies will be made on disposal of the installations; (c) The United States reserves its right of recapture of any Lend- Lease articles held by United Kingdom Armed Forces, but the United States has indicated that it does not intend to exercise generally this right of recapture; (d) Disposals for military use to forces other than the United Kingdom Armed Forces of Lend-Lease articles held by the United Kingdom Armed Forces at V-J Day, and disposals for civilian use other than in the United Kingdom and the Colonial Dependencies of such Lend-Lease articles, will be made only with the consent of the United States Government and any net proceeds will be paid to the United States Government. The United Kingdom Govern- ment agrees that except to a very limited extent it will not release for civilian use in, or export from, the United Kingdom and the Colonial Dependencies Lend-Lease articles held by the United Kingdom Armed Forces. (e) The Government of the United Kingdom will use its best endeavors to prevent the export to the United States of any surplus property transferred in accordance with this understanding. 6. The Government of the United Kingdom agrees that, when Tlu or Poud requested by the Government of the United States from time to time prior to December 31, 1951, it will transfer, in cash, pounds sterling to an aggregate dollar value not in excess of $50,000,000, at the exchange rates prevailing at the times of transfer, to be credited against the dollar payments due to the Government of the United States as principal under this settlement. The Government of the b Us. United States will use these pounds sterling exclusively to acquire land or to acquire or construct buildings in the United Kingdom and the Colonial Dependencies for the use of the Government of the United States, and for carrying out educational programs in accord- ance with agreements to be concluded between the two Governments. 7. The arrangements set out in this statement are without prejudice to any settlements concerning Lend-Lease and Reciprocal Aid which may be negotiated between the Government of the United States and the Governments of Australia, New Zealand, the Union of South Africa, and India. WASHINGTON, J.F.B. December 6, 1946. H. 1565

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