Page:United States Statutes at Large Volume 62 Part 2.djvu/616

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. Philippines equivalent to Two Hundred Thousand Dollars ($200,000-United States currency) until an aggregate amount equivalent to Two Million Dollars ($2,000,000-United States currency) shall have been so deposited." Upon the receipt of a note from Your Excellency stating that the foregoing suggestion is acceptable to the Government of the Republic of the Philippines, the Government of the United States of America will consider that the subject agreement has been so amended. Accept, Excellency, the renewed assurances of my highest consideration. EMMET O'NEAL His Excellency ELPIDIO QmRINo, Secretary of Foreign Affairs of the Republic of the Philippines. The Philippine Underseoretary of Foreign Affairs to the American Ambassador REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FOREIGN AFFAIRS MNILA, April 8,1948 ExCELsENOS: I have the honor to refer to Your Excellency's note No. 1177 dated April 2, 1948, which reads as follows: "I have the honor to refer to the first two sentences of Article 11 of the Fulbright Agreement between the Government of the United States of America and the Government of the Republic of the An, p.. Philippines for the use of funds made available in accordance with the agreement between the Government of the Republic of the Philip- pines and the Government of the United States of America for the sale of surplus war property, which are worded as follows: 'The Government of the Republic of the Philippines shall within thirty (30) days of the date of the signature of the present agree- ment, deposit with the Treasurer of the United States of America, an amount of the currency of the Government of the Republic of the Philippines equivalent to Two Hundred Thousand Dollars ($200,000 - United States currency). On January 1,1948, and on each succeeding January 1, the Government of the Republic of the Philippines shall similarly deposit an amount of the currency of the Government of the Republic of the Philippines equivalent to Two Hundred Thousand Dollars ($200,000-United States cur- rency) until an aggregate amount equivalent to Two Million Dollars ($2,000,000-United States currency) shall have been so deposited.' In view of the fact that it is the intent of this agreement to use the equivalent of $200,000 (United States currency) in Philippine

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