Page:United States Statutes at Large Volume 62 Part 2.djvu/858

 Utilization of man. power. Prevention of prac- tices interfering with achievement of pro- gram. Post, p. 2147. 62 Stat., Pt. p. 144. Post, p. 2146. Pot, pp. 2146, 2171. Special account in Austrian National Bank. 61 Stat. , Pt. 3, p. 2970. Ante, p. 1829. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. 2. Taking into account Article VIII of the Convention for European Economic Cooperation [1] looking toward the full and effective use of manpower available in the participating countries the Government of Austria will accord sympathetic consideration to proposals made in conjunction with the International Refugee Organization directed to the largest practicable utilization of manpower available in any of the participating countries in furtherance of the accomplishment of the purposes of this Agreement. 3. The Government of Austria will take the measures which it deems appropriate, and will cooperate with other participating coun- tries, to prevent, on the part of private or public commercial enter- prises, business practices or business arrangements affecting interna- tional trade which restrain competition, limit access to markets or foster monopolistic control whenever such practices or arrangements have the effect of interfering with the achievement of the joint pro- gram for European recovery. ARTICLE III (Guaranties) 1. The Governments of the United States of America and Austria will, upon the request of either Government, consult respecting proj- ects in Austria proposed by nationals of the United States of America and with regard to which the Government of the United States of America may appropriately make guaranties of currency transfer 'l under Section 111 (b) (3) of the Economic Cooperation Act of 1948. 2. The Government of Austria agrees that if the Government of the United States of America makes payment in United States dollars to any person under such a guaranty, any schillings, or credits in Schillings, assigned or transferred to the Government of the United States of America pursuant to that section shall be recognized as property of the Government of the United States of America. ARTICLE IV (Local Currency) 1. The provisions of this Article shall apply only with respect to assistance which may be furnished by the Government of the United States of America on a grant basis. 2. The Government of Austria will establish a special account in the Austrian National Bank in the name of the Government of Austria (hereinafter called the "special account") and will make deposits in schillings to this account as follows: a. The unencumbered balance at the close of business on the day of the signature of this Agreement in the special account in the Austrian National Bank in the name of the Government of Austria established pursuant to the Agreements between the Government of the United States of America and the Government of Austria made on June 25, 1947 and January 2, 1948 and any further 'Department of State publication 3145, p. 14.

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