Page:United States Statutes at Large Volume 62 Part 3.djvu/1345

 3966 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. equipment of any kind by the Institute; and by the contribution of Gourdes equivalent to $50,000 (USC) by the Government. Any of these funds remaining unexpended at the expiration of the Extension Agreement shall continue to be available for the purposes of the cooperative program of Food Production provided for in this Second Extension Agreement. CLAUSE III The Cooperative Food Production Program shall be financed by the parties during the period comprehended by this agreement as follows: (a) The Institute shall contribute a sum not to exceed Fifty Thou- sand Dollars ($50,000 USC) which shall be deposited in the joint account which has already been established, entitled "Co- operative Food Production Program-The Institute of Inter- American Affairs" (hereinafter called the "Joint Account"), in the following manner: On or before January 1, 1947 $25, 000 On July 1, 1947 15, 000 On December 31, 1947 10, 000 Deposit by the In- stitute. Joint Account. Total Funds withheld for purchases in U.S. Deposit by the Gov- erlment. $50, 000 (b) The Institute may withhold from the deposits called for by CLAUSE III (a) the estimated amounts deemed necessary by the Minister and the Chief of Field Party to pay for the pur- chase in the United States of America of materials, supplies and equipment, and other disbursements relating to the execu- tion of this program. Any funds so withheld by the Institute shall be considered as if deposited under the terms under CLAUSE III (a) hereof but, if they are not expended or obli- gated for such purposes, they shall be deposited in the Joint Account at any time upon the mutual agreement of the Minister and the Chief of Field Party of the Institute in Haiti. (c) In addition to the sum to be deposited in the Joint Account under CLAUSE III (a) hereof, the Institute will make a separate allocation of funds necessary to pay the salaries, liv- ing expenses, travel and transportation costs and other ad- ministrative and technical expenses of the members of the Institute Field Party and of other Institute employees in Haiti during the period comprehended by this Second Extension Agreement. The estimated sum of approximately $150,000 USC will be allocated for these purposes separately and apart from the funds to be deposited in the Joint Account by the In- stitute. (d) The Government shall deposit into the Joint Account the equivalent in Haitian currency of One Hundred Seventy-Five Thousand Dollars ($175,000 USC) at the conversion rate of five (5) Gourdes per U. S. Dollar in the following manner:

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