Page:United States Statutes at Large Volume 61 Part 3.djvu/47

 61 STAT.] HONDURAS-HEALTH AND SANITATION-May 5, 8, 1942 Apr. 18, 19, 1944 account of the SCISP, the sum of Three Hundred Thousand Dollars ($300,000.00) on the following basis: During May, 1944 U. S. $150,000.00 During May, 1945 U. S. 100,000 .00 During May, 1946 U. S. 50,000.00 and the Republic of Honduras agrees to deposit in the Banco de Hon- duras to the account of the SCISP the amount of Three Hundred Thousand Dollars ($300,000.00) on the following basis: During May, 1944, the equivalent in Lempiras of $75,000 .00 During May, 1945, the equivalent in Lempiras of $100,000 .00 During May, 1946, the equivalent in Lempiras of $125,000.00 The funds deposited by the Republic in any particular year or the Restriction c drawal of fund funds deposited by the Institute in any particular year to the credit of the SCISP in the Banco de Honduras as herein provided are not to be withdrawn by the Director of the SCISP until the funds for that year have been deposited by both parties as agreed to herein. 3.- In accordance with its obligations under the said agreement Unexpended the Institute hereby acknowledges that its previous obligation for the health and sanitation program in Honduras was $500,000.00. In the event that any part of the said sum of $500,000.00 has not been expended on May 31, 1944, such funds will then be deposited in the Banco de Honduras to the account of the SCISP and will be used for projects previously agreed upon and to be agreed upon. Any of these funds remaining unexpended after the completion of the original program will be available for use in the extended program of the SCISP. 4.- Any part of the funds deposited in the Banco de Honduras to the account of the SCISP according to the schedule outlined above which may be unexpended at the termination of the period in which they were deposited will continue to be available for the purpose of the general health program of the SCISP and will not revert to either the Institute of Inter-American Affairs or to the Republic of Honduras. The Minister of Government, Justice, Health and Wel- fare, or his representative, and the Chief of Field Party of the Institute, or his representative, shall determine by mutual agreement the disposition of all unobligated funds remaining to the credit of the SCISP upon the expiration of this agreement. 5. - The said Agreement will remain in full force and effect for Duration of the purpose of extending the said cooperative health and sanitation ment program until April 30, 1947, and the terms and provisions therein contained will apply during the continuation of the said program. The procedures and methods established and in use for the operation of the SCISP, pursuant to the said Agreement, will continue to apply to the operation of the SCISP until the termination of the extended agreement on April 30, 1947. If this proposal is agreeable to Your Excellency this letter and Post, p.2330. Your Excellency's acceptance thereof will constitute a binding and 95347°- 49- -PT. II--4 2325 Inwith- s. funds. agree-

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