Page:United States Statutes at Large Volume 61 Part 4.djvu/527

 61 STAT.] PERU-COPt RATIVE EDUCATION- Apr. 1,4, 159 3875 Jan. 30, Apr. 30, 1945 3875 by Direcciones and other public divisions of the Government of Peril and by the personnel thereof. The Foundation shall enjoy the same rights, privileges and immu- nities which correspond to public agencies of Peru with respect to such of its operations as are related to property destined for the realization of the cooperative educational program. Since the personnel of Foundation are obliged, as citizens of the United States, to pay income taxes in the United States, to pay in- comle taxes in the United States upon their salaries, they shall not be required to pay Peruvian Income Taxes upon the same. 13. The expenditure, audit, and accounting of funds in the S.C .P.N.E. account, as well as the purchases and sales of personal property for the account of the S.C.P .N .E ., shall be regulated and controlled under such rules, regulations and procedures as shall be mutually agreed upon by the Minister of Public Education and the Representative in Peru of the Inter-American Educational Founda- tion, Inc. The accounts of the S.C .P .N .E. shall be available for audit whenever it is considered necessary by the appropriate agency of the Government of Perd and by the Foundation or its delegate. 14. At the termination of this agreement, all property of the S.C .P.N.E. shall remain the property of the Government of Peru. 15. All rights, powers, privileges or duties conferred by this agreement upon either the Minister of Public Education or the Rep- resentative in Peru of the Inter-American Educational Foundation, Inc. may be delegated by the recipient thereof to representatives, provided that such representatives be satisfactory to the other. 16. This memorandum of agreement may be amended from time to time if deemed advisable by the parties hereto, and the amend- ments are to be in writing and signed by the representatives of the Government of Perd and the Foundation. 17. The Government of Peru shall take the necessary legal steps to effectuate the terms of this agreement. This agreement shall become effective as of the date hereof and shall remain in force for three calendar years from said date, unless amended by mutual agreement. IN WITNESS WHEREOF, the undersigned, duly authorized, sign the present contract, in duplicate, in English and in Spanish, at Lima, Peru, this fourth day of April 1944. FOR THE GOVERNMENT OF THE REPUBLIC OF PERU Minister of Public Education FOR THE INTER-AMERICAN EDUCATIONAL FOUNDATION, INC. Vice-President, Inter-American Educational Foundation, Inc.

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