Page:United States Statutes at Large Volume 62 Part 3.djvu/1333

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. of the Institute. In order that there may be funds to be used for the purpose of carrying out the cooperative food production program, it is agreed that the Institute shall make available the sum of $125,000 and that the Government shall make available the sum of Establishment of $50,000. The funds to be made available by the two parties to this account in bank. agreement are to be deposited in a bank named by the Government in the Republic of Haiti, which account shall be known as the "Coopera- tive Food Production Program-The Institute of Inter-American Affairs". The Government agrees to deposit the sum of $50,000 in said account upon the execution of this agreement and the Institute agrees to deposit the sum of $50,000 in said account upon the execution of this agreement. The Institute will also deposit in said account in such time or times and as required in the discretion of the Minister of Agriculture and the Chief of Party the additional sum of $75,000, making a total of $125.000 contribution by the Institute. The checks drawn against said account shall be signed by the Chief of Party of the Institute and an official designated by the Minister of Agriculture. Disbursement of The funds in the said account shall be disbursed by the Chief of Party only upon projects having the mutual approval of the Minister of Agriculture and the Chief of Party. Contracts and agreements in- volving the use of the funds of the said account shall be executed in the name of the Institute. The books and records of the Institute relating to the cooperative food production program in Haiti, shall be open at all times to inspection by both parties or authorized officials Reports. of the Government of Haiti. The Institute will furnish the Minister of Agriculture with such reports and accounting of funds of the said joint account at such times and in such detail as agreed to by the Minister of Agriculture and the Chief of Party. punds withheld for 5. In view of the fact that some of the materials and supplies to be used in furthering the program must necessarily be purchased in the United States of America and paid for in dollars, the Chief of Party, upon joint approval of himself and the Minister of Agriculture may withhold from the deposits to be made by the Institute as herein- above provided, an amount estimated to be necessary to pay for in dollars the purchases of materials and supplies in the United States of America. Any funds so withheld by the Institute for such pur- chases and not expended or obligated for materials or supplies shall be deposited in the said account referred to above at such time or times as may be determined upon by the two parties referred to in this paragraph. Avaisblityoffunds; 6. The funds deposited by the parties to this agreement in the said account shall continue to be available for the purpose of this program during the existence of this agreement. Interest, if any, on any bal- ances of funds to the credit of the said account shall be used for the purpose of carrying out the cooperative food production program. The parties hereto shall determine by mutual agreement the disposi- tion of any unobligated funds remaining to the credit of the said account upon the termination of this agreement. Exemption from 7. All employees of the Institute who are citizens of the United States and who are engaged in carrying out the objectives of the co- 3954

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