Page:United States Statutes at Large Volume 61 Part 4.djvu/844

 61 STAT.] FRANCE-MUTUAL AID SETTLEMENT--LMY 28, 1946 Aide-Memoire on the subject of Plan A ['] AIDE-MEIJMOIRE In the course of the discussions between the representatives of your government and of the United States Government with regard to the settlement of war accounts between the two governments, considera- tion has been given to the possible methods of settlement for the United States share of the combined bills for civilian supplies furnished by the combined armies of the Allies for the civilian population of France. The Secretary of State informs His Excellency the Ambassador of the French Republic that, as a result of these discussions, the United States Government has decided that the most satisfactory method of accom- plishing settlement for the United States share of the total combined bills being presented to the French Government would be to waive the United States share of the combined bills in connection with the over- all settlement of war accounts between the United States and French Governments. Since the Government of the United States has been committed by written agreements to participate on a combined basis with the United Kingdom and Canadian Governments in the collection of the total bill for these supplies and in the determination of the relative shares of each in the proceeds, it is necessary for this Government to stipulate the following prior conditions to effecting a waiver of the United States share of the combined bills: That the French Government recognize that the settlement to be made with the United States Government in no way impairs the validity of the obligation of the French Government to the United Kingdom and Canadian Governments for their shares of the com- bined bills. That the French Government currently establish a reserve of 10 percent of the combined bills at the time such bills are submitted, such reserve to be deducted from the United States share, and to be held in the name of the French Government in the Bank of France in funds convertible into sterling or Canadian dollars, or both, at rates to be agreed upon by the Government of France with the United Kingdom and Canadian Governments. This reserve will be payable to the United Kingdom and Canadian Governments to the extent and in such proportions of sterling and Canadian dollars as the United States, United Kingdom, and Canadian Governments may determine by combined agreement to be necessary in order to comply with the existing financial arrangements among the three supplying governments. Such remaining amounts of the reserve not so paid will revert to the free disposition of the French Govern- ment upon combined notification by the United States, United King- dom, and Canadian Governments. Upon notification by the French Government of their acceptance of the above-stated conditions, the United States Government will effect [No French language text] 4193 Waiver of U. S. share of combined bills. Conditions.

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