Page:United States Statutes at Large Volume 62 Part 2.djvu/598

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. Agreement between the United States of America and the Republic of the Philippines respecting a United States educationalfoundation in the Philippines. Signed at Manila March 23, 1948; entered into force March 23, 1948. AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES FOR THE USE OF FUNDS MADE AVAILABLE IN ACCORDANCE WITH THE AGREE- MENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES FOR THE SALE OF CER- TAIN SURPLUS WAR PROPERTY, SIGNED SEPTEMBER 11, 1946. The Government of the United States of America and the Govern- ment of the Republic of the Philippines; Desiring to promote further mutual understanding between the peoples of the United States of America and the Republic of the Philip- pines by a wider exchange of knowledge and professional talents through educational contacts; jse of currencies ac- Considering that Section 32 (b) of the United States Surplus Prop- quired from surplus property disposals. erty Act of 1944, as amended (Public Law No. 584, 79th Congress; 50 U. B - C. app. 60 Stat. 754), provides that the Secretary of State of the United States of America may enter into an agreement with any foreign government for the use of currencies or credits for currencies of such foreign gov- ernment acquired as a result of surplus property disposals for certain educational activities; and Sales Agreement. Considering that under the provisions of Article 5 C (2) of the Agreement between the Government of the United States of America and the Government of the Republic of the Philippines for the sale of certain Surplus War Property signed at Manila on September 11, 1946 ['] (hereinafter designated the "Sales Agreement") it is provided that the Government of the Republic of the Philippines shall make available to the Government of the United States of America the equiv- alent of Two Million Dollars ($2,000,000 - United States currency) and any unexpended portion of the sum set forth in Article 5 C (1) of the Sales Agreement, to be available for the implementation of agreements to be entered into between the Government of the United States of America and the Government of the Republic of the Philippines for cultural research, instruction, and other educational activities, Have agreed as follows: Not printed. March 2, 1948 IT. I. A. 8 .1730] 1878

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