Page:United States Statutes at Large Volume 61 Part 3.djvu/389

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. Agreement between the United States of America and Haiti respecting Haitian finances, amending the agreement of September IS, 1941. Effected by exchange of notes signed at Port-au -PrinceSeptember S0, 1946; effective October 1, 1946. The American Ambassador to the HaitianSecretary of State for Foreign Affairs No. 10 65 Stat. 1350. Continuation of terms. Reorganizatlon of Bank. EMBASSY OF THE UNITED STATES OF AMERICA Port-au -Prince,Haiti, September 30, 1946. EXCELLENCY: I have the honor to refer to my Note dated September 23, 1946 [i] and to Your Excellency's reply dated September 26, 1946 l'] regarding a proposed exchange of notes with your Government in order to amend paragraphs one and two of Article III of the Executive Agreement of September 13, 1941 between Haiti and the United States. The proposed amendment would provide for four voting members of the Board of Directors of the National Bank of the Republic of Haiti- two citizens of Haiti and two citizens of the United States-in place of the present six voting members consisting of three Haitians and three Americans. In addition, my Government agrees to the insertion of the following words immediately after the penultimate sentence, first paragraph of Article III of the Executive Agreement: "Provided, however, that the terms commencing October 1, 1946 shall continue until September 30,1947 only." The following is the full text of Article III as amended: "The National Bank of the Republic of Haiti shall be reorganized with a Board of Directors consisting of an Honorary President and four voting members. The Haitian Minister of Finance, or in his absence, the Acting Minister of Finance, shall be ez officio the Honorary President. Two of the voting members are always to be citizens of the Republic of Haiti. The other two voting members are always to be citizens of the United States of America. Decisions of the Board of Directors shall require a majority vote of the voting members of the Board. The President of the Republic of Haiti shall appoint the Haitian members of the Board of Directors; the citizens of the United States of America who are members of the Board shall be chosen by mutual agreement of the two Governments. All of the voting members of the Board shall hold office for a period of five years and shall not be removed except for cause. Provided, however, that the terms commencing October 1, 1946 shall continue until September 30,1947 only. Vacancies on the Board of Directors shall be filled in the same manner as the original appointments. I [Not printed.] 2674 September30, 1946 IT. I.A. S.199]

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