Page:United States Statutes at Large Volume 61 Part 4.djvu/266

 Category A require- ments to be provided by U.S. Account of contri- butions. Expenditure in- curred for mainte- nance of forces, etc. Payments. Transfers to No. 1 Account. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. for three consecutive voyages on Bizonal account or approximately for a period of six months. (c) Subject to the provision of the necessary appropriations, the balance of the Category A requirements for the Bizonal Area in the period November 1, 1947, to December 31, 1948, shall be provided by the Government of the United States. (d) It shall be the responsibility of the Joint Export-Import Agency to keep an account of the contributions made by the two Governments in accordance with the provisions of the preceding sub- paragraphs of this paragraph and to establish that the valuations placed on the goods and services so furnished are fair and reasonable. 2. The financial liability of the two Governments under the present Agreement is exclusive of whatever expenditure may be incurred by either Government for the maintenance of forces of occupation and control staff for Germany. Trade between the Bizonal Area and the Sterling Area. 3 (a) The Joint Export-Import Agency shall enter into immediate negotiations with representatives of the Government of the United Kingdom with a view to drawing up a plan to maximize trade in both directions between the Bizonal Area and the sterling area. The United States and British Military Governors in Germany shall co-operate with representatives of the Government of the United Kingdom for the purpose of meeting the needs of the United King- dom for heavy steel scrap and timber to the greatest extent consistent with the requirements of the bizonal economy and conflicting demands for these products. (b) All trade between the Bizonal Area and the sterling area shall be conducted in sterling in both directions. From January 1, 1948, payments in respect of such trade shall be made in the following manner :- (i) The Joint Foreign Exchange Agency shall open an account with the Bank of England to be known as "The Joint Foreign Exchange Agency No. 1 Account". (ii) All payments to residents of the sterling area in respect of goods imported into the Bizonal Area, or services rendered on behalf of the Bizonal economy (other than goods or services provided by the Government of the United Kingdom from ap- propriated funds in accordance with the provisions of para- graph 1 (a) of the present Agreement) shall be made from the No. 1 Account. (iii) Payment for all exports sold to residents of the sterling area, or services rendered to such residents, shall be paid into the No. 1 Account. (iv) The Joint Foreign Exchange Agency shall, as and when it may be necessary, arrange that transfers be made from its

�