Page:United States Statutes at Large Volume 60 Part 2.djvu/619

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [60 STAT. capital equipment transferred during the war under lend-lease, in- cluding the non-combat aircraft and spare parts therefor described Post, p. 1712. in the Annex to this Agreement, and the transfer of the surplus prop- Pot,p. 1711. erty described in paragraph 8 (a) hereof, and in order to further educational and cultural relationships between the two countries by means of scholarships or otherwise in a manner mutually agree- able, will pay to the Government of the United States the sum of $27,000,000 as follows: Title to real prop- erty. Fund for educa- tional and cultural programs. Residue. Lend-lease articles. Post, p. 1712. Transfer of lend- lease articles to Aus- tralia. (a) $20,000,000 in United States dollars within ninety days from the effective date of this Agreement; and (b) $7,000,000 by any of the following methods, or any combi- nation thereof designated by the Government of the United States (employing the rate of exchange between United States dollars and Australian pounds now in effect): (i) By delivery to the Government of the United States by the Commonwealth of Australia of title to real property and improvements of real property in Australia, as se- lected and determined by agreement between the two Governments, aggregating in value not more than $2,000,000; (ii) by establishment of a fund in Australian pounds for expenditure by the Government of the United States, in accordance with agreements to be reached between the two Governments for carrying out educational and cul- tural programs of benefit to the two countries; or (iii) in the event that, after three years from the date of this Agreement, the two Governments should mutually agree that the purposes described in subsections (i) and (ii) above cannot be carried out to the full extent now con- templated, any residue will be paid by the Common- wealth of Australia in United States dollars. 4. (a) The Commonwealth of Australia hereby acquires, and shall be deemed to have acquired as of September 2, 1945, full title, without qualification as to disposition or use, to all lend-lease articles in the possession of the Commonwealth of Australia, its agents or distribu- tees, on September 2, 1945, and not subsequently returned to the Gov- ernment of the United States, other than lend-lease articles on that date in the possession of the armed forces of the Commonwealth of Australia, but including the non-combat aircraft and spares described in the Annex to this Agreement. (b) The Government of the United States agrees to complete as early as possible the transfer (which term, except as hereinafter provided, shall include delivery aboard ocean vessel in a United States port) of the articles selected by the Commonwealth of Australia which were covered by lend-lease requisitions filed by the Common- wealth of Australia with the United States Foreign Economic Ad- ministration and which were under contract, or were completed, but had not been transferred, on September 2,1945, and such other articles 1708

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