Page:United States Statutes at Large Volume 62 Part 2.djvu/1279

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. General undertak- ings. me of bes Measures for practi- cal use of resources. Post, p. 2574. I)evelopmentotpro- duction. Maintenance of fi- nancial stability. Post, p. 2574. Stimulation of trade. 1. ant Ai st, ARTICLE II In order to achieve the maximum recovery through the employ-, of assistance received from the Government of the United States nerica, the Government of the Republic of Turkey will use its endeavors: 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 fur- nished under this Agreement are used for purposes con- sistent with this Agreement and, as far as practicable, with the general purposes outlined in the schedules fur- nished by the Government of the Republic of Turkey in support of the requirements of assistance to be furnished by the Government 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 pro- gram for European recovery, assets, and earnings there- from, which belong to nationals of the Republic of Turkey and which are situated within the United States of Amer- ica, 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 the Republic of Turkey to dispose of such assets; b) to promote the development of industrial and agricultural pro- duction 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 con- templated by the Government of the Republic of Turkey to be undertaken in substantial part with assistance made available pursuant to this Agreement, including whenever practicable projects for increased production of coal and food; c) to stabilize its currency, establish or maintain a valid rate of exchange, balance its governmental budget, create or maintain 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 services among the participating countries and with other countries and in reducing public and private barriers to trade among themselves and with other countries. 2568

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