Page:United States Statutes at Large Volume 62 Part 2.djvu/971

 62 STAT.] GERMANY: FRENCH ZONE-ECONOMIC COOPERATION-JULY 9, 1948 2. Taking into account Article 8 of the Convention for European Utilization of man- Economic Cooperation ['] looking toward the full and effective use of manpower available in the participating countries, the French Com- mander will accord sympathetic consideration to proposals, including proposals made in conjunction with the International Refugee Organi- zation, 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 French Commander will take the measures which he deems ticevinterfering with appropriate, and will cooperate with other participating countries, to grachiement of pro- prevent, on the part of private or public commercial enterprises, Po, tp -2262- business practices or business arrangements affecting international 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 program of European recovery. Article III (Guaranties) 1. During any period in which foreign private investment is per- mitted in the French Zone, the Government of the United States of America and the French Commander will, upon the request of either Party, consult respecting projects in the French Zone 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 under Section 111 (b) (3) of the Economic Cooperation Act of 1948. 2. The French Commander 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 Deutsche marks, or credits in Deutsche marks, 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 with respect to all assistance which may be furnished by the Government of the United States of America under this Agreement. 2. The French Commander will establish a special account in the Landeszentralbank of Baden at Freiburg in the name of the French Commander (hereinafter called the Special Account) and will make deposits in Deutsche marks to this account as follows: (a) The unencumbered balances of the deposits made by the French Commander pursuant to the exchange of letters be- tween the Government of the United States of America and the French Military Government dated June 3, 1948.[ Department of State publication 3145, p. 14. 2 Department of State Bulletin, June 27, 1948, p. 838. 62 Stat., Pt. 1, pp. 144. 1056. Special account in Landeszentralbank of Baden. Ante, p. 2233. 2255

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