Page:United States Statutes at Large Volume 62 Part 2.djvu/859

 62STAT.] AUSTRIA-ECONOMIC COOPERATION--JULY 2, 1948 sums which may, from time to time, be required by such Agreements to be deposited in the special account. It is understood that Sub- section (e) of Section 114 of the Economic Cooperation Act of 1948 constitutes the approval and determination of the Government of the United States of America with respect to the disposition of such balance, referred to in these Agreements. b. The unencumbered balances of the deposits made by the Government of Austria pursuant to the exchange of notes between the two Governments dated April 15, 1948. ['] c. Amounts commensurate with the indicated dollar cost to the Government of the United States of America of commodities, services and technical information (including any costs of processing, storing, transporting, repairing or other services incident thereto) made available to Austria on a grant basis by any means authorized under the Economic Cooperation Act of 1948, less, however, the amount of the deposits made pursuant to the exchange of notes referred to in sub-paragraph b of this Article. The Government of the United States of America shall from time to time notify the Government of Austria of the indicated dollar cost of any such commodities, services and technical information, and the Govern- ment of Austria will thereupon deposit in the special account a commensurate amount of schillings computed at a rate of exchange which shall be the par value agreed at such time with the Interna- tional Monetary Fund provided that this agreed value is the single rate applicable to the purchase of dollars for imports into Austria. If at the time of notification a par value for the schilling is agreed with the Fund and there are one or more other rates applicable to the purchase of dollars for imports into Austria or, if at the time of notification no par value for the schilling is agreed with the Fund, the rate or rates for this particular purpose shall be mutually agreed upon between the Government of Austria and the Government of the United States of America. The Government of Austria may at any time make advance deposits in the special account which shall be credited against subsequent notifications pursuant to this paragraph. 3. The Government of the United States of America will from time to time notify the Government of Austria of its requirements for administrative expenditures in schillings within Austria incident to operations under the Economic Cooperation Act of 1948, and the Government of Austria will thereupon make such sums available out of any balances in the special account in the manner requested by the Government of the United States of America in the notification. 4. Five per cent of each deposit made pursuant to this Article in respect of assistance furnished under authority of the Foreign Aid Appropriation Act, 1949, shall be allocated to the use of the Govern- ment of the United States of America for its expenditures in Austria, and sums made available pursuant to paragraph 3 of this Article shall first be charged to the amounts allocated under this paragraph. Department of State Bulletin, May 16, 1948, p. 645 . 68706°-51-PT. II-54 2141 62 Stat., Pt. 1, p. 150. 62 Stat., Pt. 1, p. 137. Availability of sums for U. S. expenditures in Austria. 62 Stat., Pt. 1, p. 137. 62 Stat., Pt. 1, p. 1054.

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