Page:United States Statutes at Large Volume 60 Part 2.djvu/682

 60 STAT.] BRAZIL-VOCATIONAL INDUSTRIAL EDUCATION--Mpr. 2, 1946 Apr. 5, 1946 Clause IX a) The Foundation shall determine and pay the salaries and other expenses directly payable to the members of the Field Staff, as well as such other expenses of an administrative nature as the Foundation may incur in connection with the development of this program, from the sum of One Hundred and Twenty-Five Thousand ($125,000.00) Dollars, U. S . Currency, which it will retain and which for the purposes of this agreement shall be denominated the "Administrative Funds of the Foundation". b) In addition, the Foundation shall deposit in a special bank account, in a Brazilian bank mutually agreed upon by the Superintendent of the CBAI and the Special Representative of the Foundation, to the account of the CBAI, the sum of One Hundred and Twenty-Five Thousand ($125,000.00) Dollars U. S. Currency. These funds, which shall, for the purposes of this agreement, be denominated the "Program Funds of the Founda- tion", shall be deposited by the Foundation on the following dates in the following amounts: During January 1946 U.S. $40, 000. 00 During January 1947 U.S. $45, 000. 00 During January 1948 U.S. $40, 000. 00 Total to be deposited U.S. $125, 000. 00 Administrative Funds of the Foundation U.S. $125, 000. 00 Total contribution of the Foundation U.S $250, 000. 00 c) The Foundation furthermore expresses its intention and willing- ness to place at the disposition of the cooperative educational program, whenever in the judgment of the Foundation that may be possible, the organization and staff of the Foundation in the United States of America, its knowledge of, and contacts with, cooperating educational agencies in the United States of America and its experience and special facilities which, within the limita- tions of available resources, are expected to provide many of the necessary services to enable Brazilian educators and special service personnel to use to best advantage their grants for study or travel in the United States of America. Clause X The Government of the United States of Brazil, in addition to its regular budget for vocational education, shall deposit in the same special bank account, to the order of the CBAI, the equivalent in Brazilian currency of Five Hundred Thousand ($500,000.00) Dollars, U. S. Currency, on the following dates and in the following amounts: During January 1946 U.S. $200, 000. 00 During January 1947 U.S. $200, 000. 00 During January 1948 U.S. $100, 000. 00 Total to be deposited U.S. $500, 000 00 1771 Salaries and ex- penses. Special bank ac- count. "Program Funds of the Foundation." Aid of Foundation in U.8. Cash contribution by Brazil. Deposit in special bank account.

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