Page:United States Statutes at Large Volume 62 Part 3.djvu/1400

 62 STAT.] GUATEMALA-COOPERATIVE EDUCATION- - Oct 263 1945 [asy 6, 81947 ment between the Minister of Public Education and the Special Rep- resentative of the Foundation, in conformity with the following schedule: Date 4021 Deposits to be Deposits to be made by the made by the Foundation Republic On or before November 15, 1945 $33, 334. 00 Q 17, 000. 00 On or before November 15, 1946 33, 333. 00 17, 000. 00 On or before November 15, 1947 33, 333. 00 16, 000. 00 $100, 000 .00 Q 50,0 00 The amount of the initial deposit of each party above specified shall be reduced respectively by the amount or amounts of any funds already deposited by that party into the said special bank account opened in the name of the Foundation pursuant to the said original Agreement. The funds deposited for any given period by either party in the bank account of the Servicio shall not be withdrawn therefrom until the funds for that period have been deposited by both parties. 7. The Foundation shall, in addition to its contribution in cash to Ssalries snd ex - the bank account of the Servicio, determine and pay the salaries and other expenses of its Field Staff in Guatemala during the period of this Agreement in an amount not to exceed One Hundred Fifty Thousand dollars ($150,000), U. S. Currency. The Republic shall, bnAdtiobyReCblic in addition to its said contribution for local Projects to the bank account of the Servicio, establish a special fund in the total amount of One Hundred Thousand quetzales (Q100,000), Guatemalan Currency, to be devoted exclusively to the construction of school buildings in connection with the said Cooperative Educational Program, as mutually agreed upon by the Minister of Public Education and the Special Representative of the Foundation. The said sum of One Hundred Thousand quetzales (Q100,000) shall be deposited by the Republic in a separate bank account in the name of the Servicio at such time or times and in such amount or amounts as shall be agreed upon by mutual agreement between the Minister of Public Education and the Special Representative of the Foundation. Accordingly, the maximum cash contribution of the Foundation for the said Cooperative Educational Program shall be Two Hundred Fifty Thousand dollars ($250,000), and that of the Republic shall be One Hundred Fifty Thousand quetzales (Q150,000). The Republic shall also continue to make available to the Foundation and shall make available to the Servicio such office space, office equipment and furnishings and such other of its facilities, material, equipment, and supplies as it may conveniently provide for the program. 8. The funds paid and payable by the parties hereto into the bank Avsibmityandbd- account of the Servicio shall continue to be available for the said Cooperative Educational Program during the existence of this Agree- ment. Interest, if any, on the funds in the bank account of the Servicio shall be used for the purposes of the said Cooperative Educational Program. The Minister of Public Education and the

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