Page:United States Statutes at Large Volume 62 Part 2.djvu/544

 1824 61 Stat., Pt. 1, pp. 935, 937. 22 U.S. C ., Supp. I, § 1411 note. Termination of aid. 61 Stat. , Pt. 1, p. 937. 22U. S. C., Supp. I, § 1411 note. Effective date; du- ration. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. perform the undertakings specified in Section 5 of the Act, as well as those provided for in Section 7 of the Act insofar as action by it may be required for implementation of such latter section. 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 for 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 com- modities made available to the Government of the French Republic 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 thereof, the undersigned, being duly authorized by their respective governments for that purpose, have affixed their respective signatures to this agreement. Done at Paris, in the English and French languages, this second day of January, 1948. For the Government of the United States of America JEFFERSON CAFFERY [sEAL] S I'c itl accolint In i: lllullll, i1, Fr:r; ll(' . l1 St t., P't. i, p. iUl .. 22 ('. S. ('., S,.p.1, §It I note. 60 Stat. 1401 . Use of funds. For the Government of the French Republic [SEAL] BIDAULT MAYER. [SEAL] Annex. 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 of the furnishing of any such commodity, the Government of the French Republic will, forthwith upon notification by the Government of the United States of America, deposit in a special account in the Banque de France in the name of the Cr6dit National an amount in French currency equivalent to the dollar amount stated in the notification. The amount so stated will be either the dollar cost in respect of such commodity (including storage, transportation, and shipping services related thereto) which is indicated as chargeable to appropriations under the Act, or the amount of the debit, as the case may be. The amount deposited in French currency will be computed at the 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 such commodity into France. 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 French currency, incident to its operations within France under this agreement. The remainder of

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