Page:United States Statutes at Large Volume 60 Part 2.djvu/705

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [60 STAT. II SURPLUS WAR PROPERTY les-leaseaircraftnn 7. The Government of New Zealand, in consideration of the value of related spares. surplus non-combat lend-lease aircraft and related spares diverted to civilian use, and of the other surplus property covered by the contract between the Government of the United States and the Government of New Zealand dated December 18, 1945, as amended in this Agreement, and in order to further educational and cultural relationships between the two countries by means of scholarships or otherwise in a manner mutually agreeable, will pay to the Government of the United States the value of such aircraft and related spares and surplus property as provided in paragraphs 8 and 9 hereof, by any of the following methods or any combination thereof designated by the Government of the United States, employing in every case the rate of 3.2442 United States dollars to one New Zealand pound: ertlto real prop- (i) (a) by delivery of title to the Government of the United States by the Government of New Zealand of such real property and improvements to real property in New Zealand as may be selected and determined by agree- ment between the two Governments, aggregating in value not more than $1,200,000; al nddcultural prn (b) by establishment of a fund in New Zealand pounds, grams. equivalent to not more than the remaining amount due to the Government of the United States hereunder, for expenditure in accordance with agreements to be reached between the two Governments for carrying out educa- tional and cultural programs of benefit to the two coun- tries; sertlhs property o r (ii) by delivery to the Government of the United States of such other property or services in New Zealand as may be selected and determined by agreement between the two Governments, aggregating in value not more than such part of the amount due to the Government of the United States as may not have been expended under the provisions of sub-paragraphs (i) (a) and (i) (b) hereof; esdue. (i) in the event that, after three years from the date of this Agreement the two Governments have been unable to agree that the purposes described in sub-paragraphs (i) and (ii) above hereof can be carried out to the full extent now contemplated, any residue will be paid by the Government of New Zealand to the Government of the United States in United States dollars. Lend-lease non ombat airaft o 8. The Government of New Zealand will not divert to any civilian reltedare, use any lend-lease non-combat aircraft or related spares in the pos- session of the Government of New Zealand except those acquired by the Government of New Zealand pursuant to separate agreement or agreements of sale between the two Governments. The Government of the United States will accept the return of, and will declare as 1794

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