Page:United States Statutes at Large Volume 62 Part 2.djvu/944

 2228 62 Stat., Pt. 1, p. 137. A vailability of slms for U. S. expenditures in France. 62 Stat., Pt. 1, p. 137. 62 Stat., Pt. 1, p. 1054. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. b) The unencumbered balances of the deposits made by the Government of France pursuant to the exchange of notes between the two Governments dated April 22, 1948. [1] 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 proc- essing, storing, transporting, repairing or other services incident thereto) made available to France 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 subparagraph (b). The Government of the United States of America shall from time to time notify the Govern- ment of France of the indicated dollar cost of any such commodities, services and technical information, and the Government of France will thereupon deposit in the Special Account a commensurate amount of francs computed at a rate of exchange which shall be the par value agreed at such time with the International Monetary Fund provided that this agreed value is the single rate applicable to the purchase of dollars for imports into France. If at the time of notification a par value for the franc is agreed with the Fund and there are one or more other rates legally available in France for the purchase of dollars, or, if at the time of notification no par value for the franc is agreed with the Fund, the rate or rates for this particular purpose shall be mutually agreed upon between the Government of France and the Government of the United States of America, each of which rates shall be an actual or average rate currently available in France at the time of notification, in accordance with French laws and regulations. The Government of France 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 France of its requirements for administrative expenditures in francs within France incident to operations under the Economic Cooperation Act of 1948, and the Government of France 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 Gov- ernment of the United States of America for its expenditures in France, and sums made available pursuant to paragraph 3 of this Article shall first be charged to the amounts allocated under this paragraph. 5. The Government of France will further make such sums of francs available out of any balances in the Special Account as may be required to cover costs (including port, storage, handling and l Department of State Bulletin, May 16, 1948, pp. 640 (footnote 2) and 642.

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