Page:United States Statutes at Large Volume 61 Part 3.djvu/30

 2308 Salaries and ex- penses. Special bank ac- count. "Program Funds of the Foundation." Aid by Foundation inU.S. Deposits by Brazil in special bank ac- count. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. 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 committments of an administrative nature as the Founda- tion may incur in connection with the development of this program, from the sumof One Hundred and Twenty-Five Thousand ($125,000.00) Dollars, U.S. Currency, which it will retain and which for the pur- poses 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 Superin- tendent of the CBAR and the Special Representative of the Foun- dation, to the account of the CBAR, the sum of One Hundred and Twenty-Five Thousand ($125,000.00) Dollars, U.S. Currency. These funds, which shall, for the purposes of this agreement, be denominated the "Program Funds of the Foundation", shall be deposited by the Foundation on the following dates in the following amounts: During January 1946 U.S.$ 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 limitations of available resources, are expected to provide many of the necessary services to enable Brazilian educators and special service personnel to derive maximum profit from their stay in the United States of America. Clause X The Government of the United States of Brazil, in addition to its regular budget for rural education, shall deposit in the same special bank account, to the order of the CBAR, the equivalent in Brazilian currency of Seven Hundred and Fifty Thousand ($750,000.00) Dollars, U.S. Currency, on the following dates and in the following amounts: During January 1946 During January 1947 During January 1948 Total to be deposited U.S.$250,000.00 U.S.$250,000.00 U.S.$250,000.00 U.S.$750,000.00

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