Page:United States Statutes at Large Volume 62 Part 2.djvu/747

 2028 Payment of net bal- ance. U. K. interest in proceeds from Sudan airfields. Pot. ,p. 2032. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. D. The manner and terms of payment of the net balance due under Paragraph I.A hereof will be agreed between the two Govern- ments when the net balance has been determined. It is now con- templated that this net balance will be paid by any of the following methods: (1) offset against obligations of the United Kingdom to the United States under this Agreement or under sim- ilar arrangements; (2) payment in the several local currencies concerned; or (3) payment in Egyptian pounds. E. This Agreement does not affect any possible claim of the United Kingdom to an interest in the proceeds received by the United States from the disposal of the airfields in the Sudan known as El-Fasher, El-Geneina, and Wadi-Saidna. II. Disposals on or after November 1, 1947 A. Disposals by the United States (1) The United States will pay to the United Kingdom the United Kingdom share, proportionate to the United Kingdom interest in each installation, of the proceeds arising from disposal of installations in which the total United Kingdom interest is ten per cent or more. Payment will be made quarterly in the currencies received. No payment will be made from proceeds arising from the disposal of installa- tions in which the total United Kingdom interest is less than ten per cent. (2) Proceeds as referred to in Paragraph II.A(1) hereof are the total sums realized, less any reinstatement charges which the United States is required to incur under the terms of land-hirings. There shall be no deductions for administrative or any other expenses involved in disposals. (3) The respective interests of the two Governments in integrated petroleum installations in the Sudan which are under United States control, and which will be disposed of by the United States, are set forth in Appendix C hereto. These are the only joint instal- lations remaining under United States control as of the date of this Agreement. B. Disposals by the United Kingdom (1) The United Kingdom will pay to the United States the United States share, proportionate to the United States interest in each installation, of the proceeds arising from disposal of installations in which the total United States interest is ten per cent or more. Payment will be made quarterly in the currencies received, unless the currency received is United King- dom sterling, in which case payment will be made

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