Page:United States Statutes at Large Volume 62 Part 2.djvu/857

 62 STAT.] AUSTRIA-ECONOMIC COOPERATION-JULY 2, 1948 ARTICLE II (General Undertakings) 1. In order to achieve the maximum recovery through the employ- ment of assistance received from the Government of the United States of America, the Government of Austria will use its best en- deavors: a. To adopt or maintain the measures necessary to ensure efficient and practical use of all the resources available to it, including (1) such measures as may be necessary to ensure that the commodities and services obtained with assistance furnished under this Agreement are used for purposes consistent with this Agreement and, as far as practicable with the general purposes outlined in the schedules furnished by the Govern- ment of Austria in support of the requirements of assistance to be furnished by the Government of the United States of America; (2) the observation and review of the use of such resources through an effective follow-up system approved by the Organi- zation for European Economic Cooperation; and (3) to the extent practicable, measures to locate, identify and put into appropriate use in furtherance of the joint pro- gram for European recovery assets, and earnings therefrom, which belong to nationals of Austria and which are situated within the United States of America, its territories or posses- sions. Nothing in this clause imposes any obligation on the Government of the United States of America to assist in carrying out such measures or on the Government of Austria to dispose of such assets. b. To promote the development of industrial and agricultural production on a sound economic basis; to achieve such production targets as may be established through the Organization for European Economic Cooperation; and when desired by the Government of the United States of America to communicate to that Government detailed proposals for specific projects contemplated by the Govern- ment of Austria to be undertaken in substantial part with assistance made available pursuant to this Agreement, including whenever practicable projects for increased production of food. c. To stabilize its currency, establish or maintain a valid rate of exchange, balance its governmental budget as soon as practicable, create or maintain internal financial stability, and generally restore or maintain confidence in its monetary system. d. To cooperate with other participating countries in facilitat- ing and stimulating an increasing interchange of goods and services among the participating countries and with other countries and in reducing public and private barriers to trade among themselves and with other countries. 2139 Measures for prac- tical use of resources. Post, p. 2146 D)evelolpinlent of pro- duction. Maintenance of fi- nancial stability. Post, p . 2146. Stimulation of trade.

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