Page:United States Statutes at Large Volume 61 Part 3.djvu/52

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. of "SCISP", in the Bank of Honduras, as provided, cannot be with- drawn 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, 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 ex- pended on May 31, 1944, such funds will then be deposited in the Bank of Honduras to the account of the "SCISP" and will be used for projects previously agreed upon, or which may be agreed upon. Any of these funds that remain unexpended after the completion of the original program will be available for use in the extension of the "SCISP" in the extension program. 4.- Any part of the funds deposited in the Bank of Honduras to the account of the "SCISP" in accordance with 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 either to the Institute of Inter-American Affairs or the Re- public of Honduras. The Ministry of Government, Justice, Health and Welfare, or its representative, and the Chief of Field Party of the Institute, or his representative, shall determine by mutual agreement the disposition to be made 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 the purpose of extending the said program of health and sanitation until April 30, 1947, and the conditions and stipulations contained therein will be in effect 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 in the operation of the "SCISP" until the termination of the agree- ment extended to April 30, 1947. You are good enough to state, moreover, that if the proposal to which I refer is satisfactory to my Government, your letter and the acceptance on the part of the Government of Honduras will constitute a binding and effective agreement between the Institute of Inter- American Affairs and the Republic of Honduras in accordance with the terms and stipulations contained in your esteemed letter. pocctance of per In reply, I have the honor to inform you, with the authorization ofHonduras. the President of the Republic, that the Government of Honduras, acting through me, accepts with pleasure the proposal for the exten- sion of the health and sanitation program, as set forth in your letter mentioned above, for a period of three years more, from May 1, 1944 to April 30, 1947, under the stipulations of the agreement of July 8, 1942 concluded between the Government of the Republic of Honduras and the Institute of Inter-American Affairs, of the Office of the Coordinator of Inter-American Affairs, which is an agency of the Government of the United States of America, and which was approved in Executive Decree No. 60 issued by this Department of State. 2330

�