Page:United States Statutes at Large Volume 62 Part 2.djvu/969

 G2 STAT.] GERMANY: FRENCH ZONE-ECONOMIC COOPERATION-JULY 9, 1948 2253 of the French Zone as an integral part of the joint program for Euro- pean recovery; Have agreed as follows: Article I (Assistance and Cooperation) 1. The Government of the United States of America undertakes to assist the French Zone, by making available to the French Commander or to any person, agency or organization designated by the latter such assistance as may be requested by him and approved by the Govern- ment of the United States of America. The Government of the United States of America will furnish this assistance under the pro- visions, and subject to all of the terms, conditions and termination provisions, of the Economic Cooperation Act of 1948, Acts amendatory and supplementary thereto and appropriation Acts thereunder, and will make available to the French Commander only such commodities, services and other assistance as are authorized to be made available by such Acts. 2. The French Commander, acting directly and through the Or- ganization for European Economic Cooperation, consistently with the Convention for European Economic Cooperation signed at Paris on April 16, 1948, will exert sustained efforts in common with other participating countries speedily to achieve through a joint recovery program economic conditions in Europe essential to lasting peace and prosperity and to enable the countries of Europe participating in such a joint recovery program to become independent of extraordinary outside economic assistance within the period of this Agreement. The French Commander reaffirms his intention to take action to carry out the provisions of the general obligations of the Convention for European Economic Cooperation, to continue to participate actively in the work of the Organization for European Economic Cooperation, and to continue to adhere to the purposes and policies of the Economic Cooperation Act of 1948. 3. All assistance furnished by the Government of the United States of America to the French Zone pursuant to this Agreement shall constitute a claim against Germany. To the extent that expenditures are made from the Special Account established under Article IV of this Agreement for the purposes set forth in paragraphs 3 and 4 of that Article and for purposes not of direct benefit to the German economy, such claim against Germany shall be reduced in an amount commensurate with such expenditures. The proceeds of exports from all future production and stocks of the French Zone will be available in the first instance for payment for assistance made avail- able pursuant to this Agreement at the earliest practicable time con- sistent with the rebuilding of the German economy on healthy, non-aggressive lines. 4. With respect to assistance furnished by the Government of the United States of America to the French Zone and procured from areas outside the United States of America, its territories and possessions, the French Commander will cooperate with the Government of the United 68706--51-PT. II-- 1 62 Stat., Pt. 1, p. 137. Claim against Ger. many. PoDt, p. 2255.

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