Page:United States Statutes at Large Volume 62 Part 3.djvu/1245

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. June 28, 30, 1948 [T.I.A. S. 1952] Agreement between the United States of America and Peru respecting a cooperative educational program in Peru, extending and modifying the agreement of April 4, 194, as modified and extended. Efected by exchange of notes signed at Lima June 28 and 30, 1948; entered intoforce July 6, 1948, operative retroactively July 1, 1948. The American Charge d'Affaires ad interim to the Peruvian Minister for Foreign Affairs No. 1025 EXCELLENCY: AMERICAN EMBASSY, Lima, Peru,June 28, 1948. I have the honor to refer to the Basic Agreement between the Government of Perd and the Inter-American Educational Foundation, p63 1 tat' Pt. 4, Inc., dated April 4, 1944, as later modified and extended, which provided for the initiation and execution of the existing cooperative educational program in Perd. I also refer to Your Excellency's note of June 25, 1948 ['] suggesting the consideration by our respective Governments of a further extension of that Agreement. In accord- ance with legislation enacted during 1947 by the Congress and approved by the President of the United States all of the property, funds, functions, personnel, liabilities, and restrictions of the Inter-American Educational Foundation, Inc., were transferred to The Institute of Inter-American Affairs, a corporate instrumentality of the United States created by such legislative action. Consequently, the partic- ipation by the United States in the cooperative education program is now being effectuated through the Institute of Inter-American Affairs. As Your Excellency knows, the agreement of April 4, 1944, as amended, provides that the cooperative education program will terminate on June 30, 1948. However, considering the mutual benefits which both governments are deriving from the program, my Government agrees with the Government of Perd that an ex- tension of such program would be desirable. I have been advised by the Department of State in Washington that arrangements may now be made for the Institute to continue its participation in the cooperative program for a period of 1 year, from June 30, 1948 through June 30, 1949. It would be understood, that during such period of extension the Institute would make a contribution of $40,000.00 U. S. Currency to the Servicio Cooperativo Peruano Norteamericano de Educaci6n for use in carrying out project activ- ities of the program on condition that Your Government would contribute to the Servicio for the same purpose the sum of Soles 1,565,469.08 (241,398.46 U. S. Cy.). The Institute would also be i Not printed. 3866

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