Page:United States Statutes at Large Volume 61 Part 3.djvu/815

 61 STAT.] ECUADOR-HEALTH AND SANITATION-UJNE 21, 1947 of the Health and Sanitation Division of The Institute of Inter- American Affairs in Ecuador", and the Field Party shall remain under the immediate direction of an Institute official known as the "Chief of Field Party". The Chief of Field Party shall continue to serve as Director of the Servicio for the period comprehended by this Exten- sion Agreement. CLAUSE IV The balance (in the amount of approximately four hundred sixty thousand sucres - S/. 460,000.00) of the deposit ol nine hundred twenty thousand sucres (S/. 920,000.00) required by the Basic Agreement to be made by the Government of Ecuador during January, 1947 in the Banco Central del Ecuador (or any other bank mutually agreed upon by the Minister and the Chief of Field Party) to the credit of the Servicic for use in carrying out the cooperative program, has not been made and the parties hereby agree to extend the time for making the deposit of such balance of approximately S/. 460,000.00 and the Government of Ecuador agrees to deposit such balance of funds in the said bank to the account of the Servicio during the month of August, 1947. CLAUSE V In addition to the funds required to be deposited by the parties pursuant to the Basic Agreement and the funds referred to in CLAUSE IV hereof, the cooperative health and sanitation progrc m will be fur- ther financed as follows: A. The Institute shall contribute the sum of not to exceed $180,000 USC, of which amount $ 100,000 USC shall be deposited to the account of the Servicio in the bank mentioned in CLAUSE IV hereof in the following manner: During August 1947. .................................. $ 50, 000 During January 1948 .................... 50, 00( $ 100, 000 3105 Chief. Time extension for deposit of Ecuadoran balance. Further financing of program. Contributiuon : I:- Stiltlie. B. The Institute will use the balance of funds, in the amounit of ,, ,ll x."'' $8,0,000 USC, required to be contributed by this Extension Agree- ment for payment of the salaries and expenses, inclhling travel- ing expenses of the personnel of the Institute Field Party in Ecuador and other Institute employees. The sum of $80,000 USC will be retained by the Institute for these purposes and maintained separate and apart from the funds required hereby to be deposited to the account of the Servicio by the Institute and any unexpended portion of such retained funds shall remain the property of the Institute. C. The Government of Ecuador shall deposit in the account of the Ec""doran deposit. Servicio in the bank mentioned in CLAUSE IV hereof the sum of two hundred thousand dollars USC - $200,000.00 - or its equiv-

�