Page:United States Statutes at Large Volume 62 Part 2.djvu/1146

 2434 62 Stat., Pt. 1,p. 137. Disposition of un- encumbered balances. Post, p. 2444. Post, p. 2446. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. iovernment of the United States of America under the Economic Cooperation Act of 1948 or otherwise, or by loans from the International Bank for reconstruc- tion and development; (b) Expenditures upon the exploration for and development of addi- tional production of materials which may be required in the United States of because of deficiencies or potential deficiencies in the resources of the United States of America; and, (o) Effective retirement of the national debt, especially debt held by the Bank of Italy or other banking institution. 7. Any unencumbered balance other than unexpended amounts allocated under paragraph 4 of this Article remaining in the Special Account on June 30, 1952, shall be disposed of within Italy for such purposes as may hereafter be agreed between the Governments of the United States of America and Italy, it being understood that the agreement of the United States of America shall be subject to approval by act or joint resolution of the Congress of the United States of America. Article V Aoeu to material 1. The Government of Italy will facilitate the transfer to the United States of America, for stockpiling or other purposes, of materials originating in Italy which are required by the United States of America as a result of deficiencies or potential deficiencies in its own resources, upon such reasonable terms of sale, exchange, barter or otherwise, and in such quantities, and for such period of time, as may be agreed to between the Governments of the United States of America and Italy, after due regard for the reasonable requirements of Italy for domestic use and commercial export of such materials. The Government of Italy will take such specific measures as may be necessary to carry out the provi- sions of this paragraph, including the promotion of the increased production of such materials within Italy, and the removal of any hindrances to the transfer of such materials to the United States of America. - The Government of Italy will, when so requested by the Government of the United States of America, enter into negotiations for detailed arrangements necessary to carry out the provisions of this paragraph. 2. Recognizing the principle of equity in respect to the drain upon the- natural resources of the United States of America, and of the participating coun- tries, the Government of Italy will, when so requested by the Government of the United States of America, negotiate where applicable (a) a future schedule of minimum availabilities to the United States of America for future purchase and delivery of a fair share of materials originating in Italy which are required by the United States of America as a result of deficiencies or potential deficien- cies in its own resources at world market prices so as to protect the access of the United States industry to an equitable share of such materials either in percenta- ges of production or in absolute quantities from Italy, (b) arrangements provid- ing suitable protection for the right of access for any citizen of the United States

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