Page:United States Statutes at Large Volume 61 Part 4.djvu/826

 61 SrTT.] FRANCE-MIUTUAL AID SETTLEMENT-MAY 28, 1946 Agreements beticeen the United States of America and France respecting a mutual aid settlement. Signed at Washington Mlay 28, 1946; lentred eito force MAlay 28, 1946. And a declarationmade in Paris by the President of the ProvisionalGovernment of the French Republic and in i ashington by the Presidentof the United States on Mlay 28, 19 6. MEMORANDUM OF UNDERSTANDING BETWEEN THE GOVERN- MENT OF THE UNITED STATES OF AMERICA AND THE PROVI- SIONAL GOVERNMENT OF THE FRENCH REPUBLIC REGARDING SETTLEMENT FOR LEND-LEASE, RECIPROCAL AID, SURPLUS WAR PROPERTY, AND CLAIMS 1. The Government of the United States of America and the Pro- visional Government of the French Republic have reached an under- standing for the final settlement of lend-lease and reciprocal aid, and of the French obligation to the United States Government under the military supply program (Plan A); the acquisition by the French Government of certain United States Army and Navy surplus prop- erty, including installations, located in France and certain French overseas territories, and for the final settlement of other financial claims of each Government against the other arising out of the conduct of the war. In arriving at this understanding both Governments have recognized the considerations expressed in Article VII of their Pre- liminary Agreement of February 28, 1945, on the principles apply- ing to mutual aid, as well as the benefits accruing to each from the contributions of both to the defeat of their common enemies. In the light of the foregoing, both Governments agree that no further bene- fits will be sought as consideration for lend-lease and reciprocal aid. 2. The net amount due from the French Government to the United States Government for the foregoing, including all indebtedness aris- ing from provisions of the lend-lease and reciprocal aid agreements of February 28, 1945, is $720,000,000, made up in part of amounts now agreed upon and in part of estimated amounts subject to revision. The latter, for which the best available figures have been used pending their final determination by agreed accounting procedures, represent in the main transfers after September 1, 1945. 3. The French Government will pay interest on the net amount due to the United States Government from July 1, 1946, at the rate of two percent per annum. Such interest payments will be made annually on the first day of July of each of the years 1947 to 1950, inclusive. Be- ginning on July 1, 1951, interest and principal will be paid in thirty (30) equal annual installments. Each installment shall consist of the full amount of the interest due for the year preceding the July 1 on which the payment is made, and the remainder of the installment 69 Stat. 1306 . Net amount duo from French Govern- ment. Post, p. 4184. Payments. 4175 May 28, 1946 IT. I. A. S. 1928]

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