Page:United States Statutes at Large Volume 62 Part 2.djvu/1086

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. Development ofpro- duction. Maintenance of fl- nancial stability. Poat, p. 2400. Stimulation of trade. Utilization of man- power. are situated within the United States of America, its territories or possessions. Nothing in this clause imposes any obligation on the Government of the United States of America to assist in carrying out such measures or on the Government of Iceland to dispose of such assets; (b) to promote the development of industrial and agricultural production on a sound economic basis; to achieve such production targets as may be established through the Organization for European Economic Cooperation; and when desired by the Government of the United States of America, to communicate to that Government detailed proposals for specific projects contemplated by the Government of Iceland to be undertaken in substantial part with assistance made available pursuant to this Agreement, Including whenever practicable projects for increased production of transport- ation facilities and food; Ic) to stabilize its currency, establish or maintain a valid rate of exchange, balance its governmental budget as soon as practicable, create or maintain internal financial stability, and generally restore or maintain confidence In its monetary system; (d) to cooperate with other participating countries in facilitating and stimulating an increasing interchange of goods and services among the participating countries and with other countries and In reducing public and private barriers to trade among themselves and wit-I other countries. 2. Taking into account Article 8 of the Convention for European Economic Cooperation looking toward the full and effective use of manpower available In the participating countries, the 2372

�