Page:United States Statutes at Large Volume 62 Part 2.djvu/973

 62 STAT.] GERMANY: FRENCH ZONE-ECONOMIC COOPERATION-JULY 9, 1948 2257 States of America will take into account the need for promoting or maintaining internal monetary and financial stabilization in the French Zone and for stimulating productive activity and international trade and the exploration for and development of new sources of wealth within the French Zone, including in particular: (a) Expenditures upon projects or programs, including those which are part of a comprehensive program for the development of the productive capacity of the French Zone and the other partic- ipating countries, and projects or programs the external costs of which are being covered by assistance rendered by the Government of the United States of America under the Economic Cooperation Act of 1948 or otherwise; (b) Expenditures upon the exploration for and development of additional production of materials which may be required in the United States of America because of deficiencies or potential deficiencies in the resources of the United States of America; and (c) Effective retirement of public debt, especially debt held by banking institutions. 7. Any unencumbered balance, other than unexpended amounts allocated under paragraph 4 of this Article, remaining in the Special Account on June 30, 1952, shall be disposed of within the French Zone for such purposes as may hereafter be agreed between the Government of the United States of America and the French Commander, it being understood that the agreement of the United States of America shall be subject to approval by Act or joint resolu- tion of the Congress of the United States of America. Article V (Access to Materials) 1. The French Commander will facilitate the transfer to the United States of America, for stockpiling or other purposes, of materials originating in the French Zone which are required by the United States of America as a result of deficiencies or potential deficiencies in its own resources, upon such reasonable terms of sale, exchange, barter or otherwise, and in such quantities, and for such period of time, as may be agreed to between the Government of the United States of America and the French Commander, after due regard for the reasonable requirements of the French Zone for domestic use and commercial export of such materials. The French Commander will take such specific measures as may be necessary to carry out the provisions of this paragraph, including the promotion of the increased production of such materials within the French Zone, and the removal of any hindrances to the transfer of such materials to the United States of America. The French Commander will, when so requested by the Government of the United States of America, enter into negotiations for detailed arrangements necessary to carry out the provisions of this paragraph. 2. Recognizing the principle of equity in respect to the drain upon the natural resources of the United States of America and of the 62 Stat., Pt. 1, p. 137. Disposition of un- encumbered balances. Pbt, p. 2262.

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