Page:United States Statutes at Large Volume 62 Part 3.djvu/1364

 62 STAT.] BELGIUM-MUTUAL AID SETTLEMENT July 23, 1946 Sept. 24, 1946 recognizes that the settlement hereby made with the United States Government in no way impairs the obligation of the Belgian Gov- ernment to the United Kingdom and Canadian Governments for their shares of the combined claim for Plan A, and agrees to estab- lish a reserve of 10 per cent of the combined bills in the Banque Nationale de Belgique which will be made payable to the United Kingdom and Canadian Governments to the extent and in the man- ner necessary to carry out the existing financial arrangements among the three supplying Governments. Any amounts of the reserve not so paid will not be claimed by the United States Government and will revert to the free disposition of the Belgian Government upon notification by the three supplying Governments. 2. In consideration of the United States surplus property heretofore transferred and heretofore designated for transfer to the Belgian Government under agreed procedures (estimated at approximately $18,000,000 in transfer value), it is agreed that: A. (1) As and when requested by the United States Government, the Belgian Government will transfer to the United States Govern- ment, or provide Belgian francs for the acquisition of, real property in Belgium, the Belgian Congo and the Grand Duchy of Luxembourg to be mutually agreed upon, and will pay the expense of improve- ments in and furnishing of property of the United States Govern- ment in Belgium, the Belgian Congo and Luxembourg, up to an ag- gregate value of $5,450,000. (2) As and when requested by the United States Government, the Belgian Government will provide Belgian francs up to an ag- gregate value of $3,000,000, which will be used exclusively to carry out cultural and educational programs agreed upon between the Government of the United States of America and the Governments of Belgium and Luxembourg. (3) Any francs provided under this sub-paragraph A will be at the par value between the two currencies established in conformity with procedures of the International Monetary Fund, or, if no such par value exists, at the rate most favorable to the United States Government used in any official Belgian Government transaction at the time payment is requested. B. (1) The Belgian Government will process certain claims against the United States Government, and its war contractors and sub- contractors, and discharge their liability with respect thereto, namely: (a) Claims of individuals, firms and corporations asserted or about to be asserted in courts of Belgium, the Belgian Congo or Luxembourg against the United States Government, or respecting which the ultimate liability is that of the United States Govern- ment, arising from maritime incidents occurring on or after Septem- ber 3, 1939 and prior to July 1, 1946. In addition, as part of the general settlement, the Belgian Government, without giving rise to any financial obligation on the part of the United States Govern- 3985 Transfer of property to U.S. Government. Processing of cer- tain claims.

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