Page:United States Statutes at Large Volume 62 Part 2.djvu/746

 62 STAT.] UNITED KINGDOM-MUTUAL AID SETTLEMENT-JULY 12, 1948 Agreement between the United States of America and the United Kingdom of Great Britain and Northern Ireland respecting a mutual aid settle- ment for joint installationsin the Middle East. Signed at Washington July 12, 1948; entered into force July 12, 1948. AGREEMENT RELATING TO SETTLEMENT OF THE INTER- ESTS OF THE GOVERNMENT OF THE UNITED STATES AND THE GOVERNMENT OF THE UNITED KINGDOM IN JOINT INSTALLATIONS IN THE MIDDLE EAST The Government of the United States of America and the Govern- ment of the United Kingdom of Great Britain and Northern Ireland (hereinafter referred to respectively as the United States and the United Kingdom), having consulted together in accordance with sub- paragraph 3 (b) of the Agreement on Lend-Lease and Reciprocal Aid Installations (Agreement VII) of March 27, 1946 regarding the disposal of installations in which the two Governments have a joint interest in the Middle East (defined as the areas listed in Ap- pendix A hereto), hereby agree that the interests of the two Govern- ments in the proceeds of disposal of such installations shall be dis- charged in accordance with the following conditions: I Disposals Prior to November 1, 1947 A. The United States will pay to the United Kingdom the net balance of, (1) amounts due from the United States to the United Kingdom as a result of disposals by the United States, less, (2) amounts due from the United Kingdom to the United States as a result of disposals by the United Kingdom. B. Amounts due from the United States to the United Kingdom as a result of disposals by the United States are agreed, in accordance with figures set forth in Appendix B hereto, to aggregate a total of $1,420,000 (as expressed in United States dollars). C. Amounts due from the United Kingdom to the United States as a result of disposals by the United Kingdom shall be determined by an accounting statement to be furnished by the United Kingdom to the United States. It is agreed that these amounts shall be those portions of the proceeds realized by the United Kingdom from the disposal of each installation which are proportional to the United States lend-lease interest in the installation. These amounts will in- clude the United States lend-lease share of proceeds realized from the sale as stores by the Directorate of Hirings and Disposals (Fixed Assets) of articles removed from installations. There shall be no deductions for administrative or any other expenses involved in disposals. Amounts due from U. S. Amounts due from U. K .; accounting statement. 2027 July 12, 1948 [T. I. A. S. 1769] 60 Stat. 1560.

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