Page:United States Statutes at Large Volume 62 Part 2.djvu/1092

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. 62 Stat., Pt. 1, p. 1054. 62 Stat., Pt. 1, p. 153. Withdrawals by Government of Ice- land from Special Account. sums available out of any balances in the Special Account in the manner requested by the Government of the United States of America in the notification. 4. Five percent of each deposit made pursuant to this Article in respect of assistance furnished under authority of the Foreign Aid Appropriation Act, 1949, shall be allocated to the use of the Government of the United States of America for its expenditures in Iceland, and sums made available pursuant to paragraph 3 of this Article shall first be charged to the amounts allocated under this paragraph. 5. The Government of Iceland will further make such sums of kr6nur available out of any balances in the Special Account as may be required to cover costs (including port, storage, handling and similar charges) of transportation from any point of entry in Iceland to the consignee's designated point of delivery in Iceland of such relief supplies and packages as are provided for in Section 117 (c) of the Economic Cooperation Act of 194~. 6. The Government of Iceland may draw upon any remaining balance in the Special Account for such purposes as may be agreed from time to time with the Government of the United States of America. In considering proposals put forward by the Government of Iceland for drawings from the Special Account, the Government of the United States of America will take into account the need for promoting or maintaining internal monetary and financial stabilization in Iceland and for stimulating productive activity and international trade and the exploration for and development of new sources of wealth within Iceland, including in particular: (a) expenditures upon projects or programs, including those which are part of a comprehensive program for the development of the productive capacity of Iceland 2378

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