Page:United States Statutes at Large Volume 61 Part 4.djvu/567

 61 STAT.] ECUADOR-COOPERATIVE EDUCATION- Oct. 2,1947 Nov. 14, 1947 records of the Servicio relating to the said cooperative education pro- gram shall be open at all times for inspection by representatives of the Republic and of the Institute, and the Director of the Servicio shall render financial reports to the Republic and to the Institute at such intervals as may be agreed upon between the Minister and the Special Representative. CLAUSE X The Institute shall use its best efforts to obtain such assistance and cooperation of other agencies, both public and private, in the United States, as may be appropriate for the execution of the said cooperative education program. The Republic, in addition to its cash contribu- tion as provided herein, shall (a) appoint specialists, in agreement with the Director of the Servicio, to collaborate with the field staff of the Institute; (b) make available office space, furnishings and such other facilities, materials, equipment and supplies as it may conveniently provide for the said program; and (c) lend the general assistance thereto of the other departments of the Republic. CLAUSE XI The funds payable by the Institute under the Agreement or this Extension Agreement, or paid by the parties hereto into the said Servicio bank account, shall continue to be available for the said cooperative education program during the existence of this Extension Agreement, without regard to annual periods or fiscal years. In the event that the Institute deems that the funds or any portion thereof which it has set aside for the payment of salaries and other expenses directly payable to, or on account of, members of the field staff, as provided in Clause VI hereof, will be more than is needed for that purpose, or for any other purpose of the Institute, the Institute will thereupon advise the Republic of the surplus which it can accord- ingly make available for projects and such additional sum shall be paid into the Servicio bank account or be otherwise disposed of pur- suant to this Agreement. The Minister and the Special Representative of the Institute shall determine by mutual agreement the disposition of any unobligated funds and of any other personal property remaining in the control of the Servicio upon the termination of this Extension Agreement. CLAUSE XII All employees of the Institute who are citizens of the United States of America and are engaged in carrying out the objectives of the cooperative education program shall be exempt from all income taxes and social security taxes with respect to income on which they are obligated to pay income or social security taxes to the Government of the United States of America and from property taxes on personal property intended for their own use. The employees who are mem- bers of the field staff of the Institute and members of their families 3915 Additional assist- ance. Availability of funds. Surplus funds. Ante, p. 3913. Exemption of em- ployees from taxation.

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