Page:United States Statutes at Large Volume 62 Part 2.djvu/1199

 2488 Post, p. 2504. Special account in The Netherlands Bank. 62 Stat., Pt. 1, p. 137 Availability of sums for U. S. expenditures in the Netherlands. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. guilders, assigned or transferred to the Govern- ment of the United States of America pursuant to that section shall be recognized as property of the Government of the United States of America, Article IV. (local Uurrency) 1. The provisions of this Article shall apply only with respect to assistance which may be furnished by the Government of the United States of America on a grant basis. 2. The Government of the Netherlands will establish a special account in 'he Netherlands Bank in the name of the Government of the Netherlands (hereinafter called the Special Account) and will make deposits in builders to this account as follows: (a) The unencumbered balances of the deposits made by the Government of the Netherlands pursuant to the exchange of notesbetween the two Governments dated April 20, 1948,l'l (bi) Amounts commensurate with the indicated dollar cost .to the Government of the United States of America of commodities, services and technical information (including any costs of processing, storing, transporting, repairing or other services incident thereto) made available to the Netherlands on a grant basis by any means authorized under the Economic Cooperation Act of 1948, less, however, the amount of the deposits made pursuant to the exchange of notes referred to in sub-paragraph (a). The Govern- ment of the United States of America shall from time to time notify the Government of the Netherlands of the indicated dollar cost of any such commodities, services and technical information, end the Government of the Nether- Account a commensurate amount of guilders computed at a rate of exchange which shall be the par value agreed at such time with the International Monetary Fund. T he Government of the Netherlands may at any time mae advance deposits in the Special Account which shall be credited against subsequent notifications pursuant to this paragraph. 3. The Government of the United States of America will from time to time notify the Government of the Netherlands of its require- ments for administrative expenditures in guilders within the Netherlands incident to operations under the Economic Cooperation Act of 1948, and the Government of the l Department of State Bulletin, May 16, 1948, p. 640, footnote 2.
 * lands will thereupon deposit in the Special

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