Page:United States Statutes at Large Volume 62 Part 2.djvu/530

 1810 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. 61 stt.',Pt. 1,pp7; vided for in Section 7 of the Act insofar as action by it may be required 1411 note. for implementation of such latter Section. Termination of aid. 61 Stat., Pt. 1, p. 937. 22U. S. C., Supp. I, § 1411 note. Effective date; du- ration. Article III 1. The Government of the United States of America, pursuant to the requirements of Section 6 of the Act, reserves the right at any time to terminate its aid provided under Article I, paragraph 1, of this Agreement. 2. This Agreement, together with the Annex attached thereto, shall take effect on the date of its signature and shall apply to all commodities made available to the Government of Italy under the Act. It shall remain in effect until December 31, 1948, or such earlier date as may be agreed by the two Governments. IN WITNESS WHEREOF, the undersigned, being duly authorized by their respective Governments for that purpose, have affixed their respective signatures to this Agreement. DONE at Rome, in duplicate, in the English and Italian languages, this Third day of January 1948. For the Government of the United States of America JAMES CLEMENT DUNN For the Italian Government DE GASPERI SFORZA ANNEX Special account In Bank of Italy. 61 Stat., Pt. 1,. 934. 22 U.S. 0., Supp. I, 1411 note. 60 Stat. 1401. Use offtnds. SECTION I 1. In the case of any commodity made available pursuant to this Agreement or in the case of credits established under the Act being debited pursuant thereto in respect to the furnishing of any such commodity, the Government of Italy will, forthwith upon notifica- tion by the Government of the United States of America, deposit in a special account in the Bank of Italy in the name of the Govern- ment of Italy, an amount in Italian currency equivalent to the dollar amount stated in the notification. The amount so stated will be either the dollar cost in respect to such commodity (including storage, transportation, and shipping services related thereto) which is indi- cated as chargeable to appropriations under the Act, or the amount of the debit, as the case may be. The amount deposited in Italian currency will be computed at the most favorable rate of exchange in terms of United States dollars, authorized under the Articles of Agreement of the International Monetary Fund, then applicable to imports of any commodity into Italy. 2. The funds in such special account, or prior advances in agreed amounts, will be used for administrative expenses of the Government of the United States of America, in Italian currency, incident to its

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