Page:United States Statutes at Large Volume 62 Part 2.djvu/1311

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. basis by any means authorised under the Economic Co-opera- 6Stat.,Pt. I,p. a. tion Act of 1948, less, however, the amount of the deposits made pursuant to the Exchange of Notes referred to in sub-paragraph (a). The Government of the United States of America shall from time to time notify the Government of the United Kingdom of the indicated dollar cost of any such commodities, services and technical information, and the Government of the United Kingdom will thereupon deposit in the Special Account a com- mensurate amount of pounds sterling computed at a rate of exchange which shall be the par value agreed at such time with the International Monetary Fund. The Government of the United Kingdom may at any time make advance deposits in the Special Account which shall be credited against subsequent notifications pursuant to this paragraph. forAual.sbeity s 3. The Government of the United States of America will from time within g d gto time notify the Government of the United Kingdom of its require- ments for administrative expenditures in pounds sterling within the United Kingdom incident to operations under the Economic Co- 62stat., Pt.lp.137. operation Act of 1948, and the Government of the United Kingdom will thereupon make such sums available out of any balances in the Special Account in the manner requested by the Government of the United States of America in the notification. 4. Five per cent. of each deposit made pursuant to this Article in respect of assistance furnished under authority of the Foreign Aid p612 sta, Pt. 1, Appropriation Act, 1949, shall be allocated to the use of the Govern- ment of the United States of America for its expenditures in the United Kingdom, and sums made available pursuant to paragraph 3 of this Article shall first be charged to the amounts allocated under this paragraph. 5. The Government of the United Kingdom will further make such sums of pounds sterling available out of any balances in the Special Account as may be required to cover costs (including port, storage, handling and similar charges) of transportation from any point of entry in the United Kingdom to the consignee's designated point of delivery in the United Kingdom of such relief supplies and packages Pi p.2602. as are referred to in Article VI. m.K .ecWiat snt. 6. The Government of the United Kingdom may draw upon any remaining balance in the Special Account for such purposes as may be agreed from time to time with the Government of the United States of America. In considering proposals put forward by the Government of the United Kingdom for drawings from the Special Account, the Government of the United States of America will take into account the need for promoting or maintaining internal monetary and financial stabilisation in the United Kingdom and for stimulating productive activity and international trade and the exploration for and development of new sources of wealth within the United Kingdom, including in particular:- (a) Expenditures upon projects or programmes, including those which are part of a comprehensive programme for the develop- 2600

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