Page:United States Statutes at Large Volume 61 Part 4.djvu/339

 61 STAT.] CANADA-CANOL PROJECT- Nov. 7, Dec. 30 ,1946 Mar. 5, 6, 1947 or priority over the other since the governing factor will be the amount bid. C. The Government of Canada may purchase from the United States through the appropriate governmental agencies such of the facilities not disposed of under A or B as that Government may desire to obtain for its own use or disposition. D. Any of the facilities not disposed of under paragraphs A, B, and C above, after a period of two years from the date of this agree- ment, shall, at the option of the United States, either be removed from Canada by the United States authorities or shall be left in situ and regarded as of no value unless put to beneficial use. The principle is recognized that if any such property should thereafter be put to beneficial use the United States Government should receive fair compensation. 2. In view of certain provisions of the Surplus Property Act of 1944, it is proposed that the provisions of this note and your reply agreeing thereto constitute an arrangement between our two Govern- ments effective at a date mutually to be agreed upon, such date to be not less than thirty days from the date of your reply. It is further proposed that the arrangement shall be effective only if neither Gov- ernment has, before the date referred to in the preceding sentence, expressed a desire for any change in the lettered paragraphs A through D above. Accept, Sir, the renewed assurances of my highest consideration. RAY ATHrON The Right Honorable The Secretary of State for External Affairs, Ottawa. The CanadianSecretaryof State for Exterwal Affairs to the American Ambassador DEPARTMENT OF EXTERNAL AFFAIRS CANADA No. 168 OTTAWA, December 30th, 1946. EXCEMLENCr, I have the honour to acknowledge the receipt of your note No. 593 of November 7 in which you make certain proposals with regard to the disposal of the Canol Project. 2. The proposals made in your note under reference have been exam- ined by the appropriate authorities of the Canadian Government and it gives me pleasure to inform you that those proposals are accepted. It is therefore agreed that the provisions of your note and this reply constitute an agreement between our two Governments which shall be effective at a date mutually to be agreed upon, such date to be not before January 29th, 1947, thirty days from the date of this note. It 3683 Purchase by Canada. 58 Stat. 765. 50U..C.app. S 1611-1646. Ante, p. 3681.

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