Page:United States Statutes at Large Volume 61 Part 3.djvu/198

 2476 Division of imports. Defrayal of cost of Category A imports. Use of proceeds of exports for Category B imports, etc. Poi.p. a.S INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. 6. Sharing of financial responsibility. Subject to the provision of the necessary appropriations, the Governments of the United States and the United Kingdom will become responsible on an equal basis for costs of approved imports brought into account after 31st December, 1946 (including stocks on hand financed by the respective Govern- ments), insofar as those cannot be paid for from other sources, in accordance with the following provisions:- (a) For this purpose the imports of the area shall be divided into two categories: those imports required to prevent disease and unrest (Category A), which are financed in decreasing amounts by appropriated funds; and those further imports (including raw materials), however financed, which will be required if the economic state of the area is to recover to an extent sufficient to achieve the aim laid down in paragraph 5 of this Agreement (Category B). (b) It is the intention of the two Governments that the full cost of Category A imports shall be defrayed as soon as possible, subject to sub-paragraph (c) below, from the proceeds of exports. Any portion of the cost of Category A imports which is not met by export proceeds will be defrayed by the two Governments in equal shares from appropriated funds. (c) The proceeds of exports from the area shall be collected by the Joint Export-Import Agency and shall be used primarily for the provision of Category B imports until there is a surplus of export proceeds over the cost of these imports. (d) In order to provide funds to procure Category B imports:- (i) The Government of the United Kingdom will make avail- able to the Joint Export-Import Agency the sum of $29,300,000 in settlement of the understanding reached in September, 1945, for the pooling of the proceeds of exports from the two zones in proportion to import ex- penditures, which shall be credited to the United States contribution. (ii) In addition to this sum the accumulated proceeds of ex- ports from the United States Zone (estimated at $14,500,000), will be made available to the Joint Export- Import Agency for the purchase of Category B imports. (iii) The Government of the United Kingdom will provide Category B goods at the request of the Joint Export- Import Agency to a value equal to that of the United States contribution under sub-paragraphs (i) and (ii) above. (iv) The Governments of the United States and the United Kingdom will make available to the Joint Export-Import Agency in like amounts their respective shares of the sum to be used for financing purchases of essential commodities for the German economy under the provisions, and upon ratification by the Government of Sweden, of the accord dated 18th July, 1946, between the Governments of the United States, the United Kingdom and France on the one hand and of Sweden on the other.

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