Page:United States Statutes at Large Volume 62 Part 2.djvu/1123

 2410 Measures for prac- tical use of resources. Post, p. 2418. Developmentof pro- duction. Maintenance of fi- nancial stability. Post, p. 2418. Stimulation of trade. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. Article II (General Undertakings) 1. In order to achieve the maximum recovery through the employ- ment of assistance received from the Government of the United States of America, the Government of Ireland will use its best endeavours: a) to adopt or maintain the measures necessary to ensure efficient and practical use of all the resources available to it, including (i) such measures as may be necessary to ensure that the commodities and services obtained with assistance furnished under this Agreement are used for purposes consistent with this Agreement and, as far as practicable, with the general purposes outlined in the schedules fur- nished by the Government of Ireland in support of the requirements of assistance to be furnished by the Govern- ment of the United States of America; (ii) the observation and review of the use of such resources through an effective follow-up system approved by the Organization for European Economic Cooperation; and (iii) to the extent practicable, measures to locate, identify and put into appropriate use in furtherance of the joint program for European recovery, assets, and earnings therefrom which belong to nationals of Ireland and which 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 Ireland to dispose of such assets; b) to promote the development of industrial and agricultural production on a sound economic basis; to achieve such pro- duction targets as may be established through the Organiza- tion 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 Ireland to be undertaken in substantial part with assistance made available pursuant to this Agreement, including whenever practicable projects for increased production of food; c) to stabilize its currency, establish or maintain a valid rate of exchange, balance its governmental budget, create or main- tain internal financial stability, and generally restore or maintain confidence in its monetary system; and d) to cooperate with other participating countries in facilitating and stimulating an increasing interchange of goods and serv- ices among the participating countries and with other coun- tries and in reducing public and private barriers to trade among themselves and with other countries.

�