Page:United States Statutes at Large Volume 62 Part 2.djvu/1309

 2598 General undertak- ings. Measures for prac- tical use of resources. Post, p. 2607. Development ofpr duction. Maintenance of fl- nancial stability. Post, p. 2607. Stimulation oftrade INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. ARTICLE II 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 the United Kingdom 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 fur- nished under this Agreement are used for purposes consist- ent with this Agreement and, as far as practicable, with the general purposes outlined in the schedules furnished by the Government of the United Kingdom 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 Organisation for European Economic Co-operation; and (iii) To the extent practicable, measures to locate, identify and put into appropriate use in furtherance of the joint pro- gramme for European recovery, assets, and earnings therefrom, which belong to nationals of the United King- dom and which are situated within the United States of America, its territories or possessions; it being understood that 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 United Kingdom 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 Organisation for European Economic Co-operation; 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 the United Kingdom to be undertaken in substantial part with assistance made availa- ble pursuant to this Agreement, including whenever practicable projects for increased production of coal, steel, transportation facilities and food; (c) To stabilise 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 co-operate 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 them- selves and with other countries.

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