Page:United States Statutes at Large Volume 60 Part 2.djvu/669

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [60 STAT. customs duties in the price of the property sold. Any of the property covered by this section which the Director General of Disposals sells to any department of the Government of India shall be priced in the same manner as property sold to other parties in India. Finalreport. (d) Disposal of the property covered by this section shall be continued until such time as the Government of India determines that further disposal cannot be made on a profitable basis. At the time such determination is made, or July 1, 1948, whichever is earlier, the Government of India will render to the Government of the United States a final report of the proceeds in rupees received by the Govern- ment of India for the property covered by this section. (e) Upon rendition of the final report described in paragraph (d) above, the Government of the United States shall become entitled to an amount equal to one-half of the excess of the proceeds described in the final report over a sum equivalent to $50,000,000 converted at the rate of exchange between dollars and rupees now in effect. The Government of the United States will receive the amount to which it is entitled by any of the following methods or by any combination thereof designated by the Government of the United States: ertle to real prop- (i) Delivery of title to the Government of the United States by the Government of India, of real property and improve- ments of real property in India as selected and determined by agreement between the two Governments; tionad and cludta; ii) by establishment of a rupee fund for expenditure by the programs. Government of the United States, in accordance with agreements to be reached between the two Governments, for carrying out educational and cultural programs of benefit to the two countries; se o balance. (iii) should any balance remain after meeting the requirements described in paragraphs (i) and (ii) above, by payment in rupees to the Government of the United States for defray- ing the governmental expenses of the United States in India. plu popertyation of (f) The Government of India agrees that it will not cause the exportation to the United States, its territories or possessions, of any of the surplus property covered by this Agreement in the same, or substantially the same form, if such property was originally produced in the United States and is readily identifiable as such, and agrees that it will not resell any of the property concerned to any person, firm, or government for the purpose of export to the United States, its territories or possessions, contrary to any statute or regulation of the Government of the United States as notified by the Govern- ment of the United States. Prioragreements. (g) The provisions of this Agreement supersede all previous agreements between the Governments of the United States and of India relating to United States surplus property. 8. The Government of India, when it disposes of articles acquired A, . 1753,1754, pursuant to paragraphs 4 (a), 4 (b), 5 (g) and 7 (a) of this Agreement, 1758

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