Page:United States Statutes at Large Volume 62 Part 3.djvu/1463

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. September 23,24,1948 Agreement between the United States of America and Panama respecting a cooperative education program in Panama, extending the program providedfor by the agreement of November 13 and 14, 1944. Effected by exchange of notes signed at Panamd September 23 and 24, 1948; entered into force September 24, 1948; operative retroactively from June 30, 1948. The American Ambassador to the PanamanianMinister for ForeignAffairs THE FOREIGN SERVICE OF THE UNITED STATES OF AMERICA No. 68 PANAMA, PANAMA, September 23, 1948 59 Stat. 1871. Post, p. 4094. 61 Stat., Pt. 1,p. 780. 22U.8.C.Supp.I, i 281-2811. Poat,!p. 4094 . EXCELLENCY: I have the honor to refer to the notes exchanged on November 13 and 14, 1944, between the Ambassador of the United States to your Government and the Minister of Foreign Affairs and to the Basic Agreement between the Republic of Panama and the Inter- American Educational Foundation, Inc., dated February 25, 1946, which provided for the initiation and execution of the existing co- operative education program in Panama. I also refer to Your Excellency's note of August 7, 1948, [1] suggesting the consideration by our respective Governments of a further extension of that Agree- ment. In accordance 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 trans- ferred to The Institute of Inter-American Affairs, a corporate in- strumentality of the United States created by such legislative action. Consequently, the participation by the United States in the coopera- tive education program is now being effectuated through The Institute of Inter-American Affairs. As Your Excellency knows, the Basic Agreement of February 25, 1946, 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 Panama that an extension of such program would be desirable. I have been advised by the Depart- ment 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 one year, from June 30, 1948, through June 30, 1949. It would be understood that, during such period of ex- tension, the Institute would make a contribution of $41,199.00 U. S. Currency to the Servicio Cooperativo Interamericano de Educaci6n I Not printed. 4084

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