Page:United States Statutes at Large Volume 62 Part 2.djvu/999

 2284 Maintenance of fi- nancial stability. Post, p. 2291. Stimulation of trade. Utilization of man- power. Prevention of prac- tices interfering with achievement of pro- gram. Post, pp. 2291, 2292. 62 Stat. , Pt. 1. pp. 144, 1056. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. practicable projects for increased production of coal, transpor- tation facilities and food; c) the stabilization of the currency, the establishment and main- tenance of a valid rate of exchange, the balancing of the gov- ernmental budgets as soon as practicable, the creation or main- tenance of internal financial stability, and generally the restora- tion or maintenance of confidence in the monetary system; and d) cooperation with other participating countries in facilitating and stimulating an increasing interchange of goods and services among the participating countries and with other countries and in reducing public and private barriers to trade among the participating countries and with other countries. 2. Taking into account Article 8 of the Convention for European Economic Cooperation [] looking toward the full and effective use of manpower available in the participating countries, the Military Governors will accord sympathetic consideration to proposals, includ- ing proposals made in conjunction with the International Refugee Organization, directed to the largest practicable utilization of man- power available in any of the participating countries in furtherance of the accomplishment of the purposes of this Agreement. 3. The Military Governors will take the measures which they deem appropriate, and will cooperate with other participating coun- tries, to prevent, on the part of private or public commercial enter- prises, business practices or business arrangements affecting inter- national 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 United States/United Kingdom occupied areas, the Government of the United States of America and the Military Gov- ernors will, upon the request of either party, consult respecting proj- ects in the United States/United Kingdom occupied areas 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 Military Governors agree 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. Department of State publication 3145, p. 14.

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