Page:United States Statutes at Large Volume 61 Part 4.djvu/848

 61 STAT.] FR'ANCE-MUTUAL AID SETTLEMENT-MAY 28, 1946 The Provisional Government of the French Republic agrees to indemnify and hold harmless the Government of the United States of America, its agents, servants or employees in respect of any such claim. 3. The arrangements set forth herein will be contingent upon mu- tually satisfactory settlement of all lend-lease and other war ac- counts upon the availability, within the terms of such settlement, of 17.5 million dollars for deposit by the Government of the United States of America with the United States Maritime Commission; and upon the conclusion of an agreement for the purchase and sale of up to 75 Liberty ships referred to above between the United States Maritime Commission and the Provisional Government of the French Republic. FOR THE GOVERNMENT OF THE UNITED STATES OF AMERICA: W. L. CLAYTON FOR THE PROVISIONAL GOVERNMENT OF THE FRENCH REPUBLIC: H BONNET WASHINGTON, May 28, 1946 The Assistant Secretary of State to the French Commissioner-General of the Plan for Modernization and Re-equipment DEPARTMENT OF STATE WASHINGTON 4197 MAY 28, 1946 DEAR M. MONNFT: This will confirm my understanding with you as to the method by ovU .. estabishment of credit In favor of which, subject to the provisions of the special agreement relating to Frnch Government. shipping claims dated May 28, 1946, the United States will establish with the United States Maritime Commission the credit of $17,500,000 in favor of the French Government. A sum of $17,500,000 will be drawn for this purpose from funds heretofore paid by the French Government to the Foreign Economic Administration but not taken into account in arriving at the net amount due the United States set forth in paragraph 2 of the Memorandum of Understanding signed Ade-p .417 today by our two Governments. Sincerely yours, W. L. CLAYTON W. L. Clayton Assistant Sectrtary The Honorable JEAN MONBr, Care of FrenchSupply Oounmo, 1800 Massachusetts Avenue, Wahiington,D. a.

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