Page:United States Statutes at Large Volume 62 Part 3.djvu/1468

 62 STAT.] PANAMA-COOPERATIVE EDUCATION-SEPT. 23, 24 ,1948 B. The Institute shall deposit to the credit of the Servicio the sum of $20,000.00, as follows: OnorbeforeNovember1,1948. .. .... .$ 10,000.00 On or before February 1, 1949 .... .... .$ 10, 000. 00 Total................$20,000.00 C. The Republic shall deposit to the credit of the Servicio the sum of B/s 101,000.00, as follows: OnorbeforeNovember1,1948 .. . .. ..B/36,000.00 OnorbeforeFebruary1,1949. .. . .. .. B/35,000.00 OnorbeforeMarch1,1949 .........B/30,000.00 Total. . . . . . . .. . . ... B/101,000.00 In addition, the Ministry of Education shall provide the necessary instructional staff for Servicio Projects, as indicated in each Project Agreement. If additional funds are available from the Republic, they shall be allocated to specific projects as needed and as agreed upon by the Minister of Education and the Special Representative. D. Funds deposited to the credit of the Servicio pursuant to Clause II of this agreement by one of the parties shall not be available for withdrawal or expenditure until the other party's deposit scheduled on the same date has been made. CLAUSE III The parties hereto, by written agreement of the Minister and the Special Representative, may amend the schedules for making the deposits required by Clause II hereof, may provide for advance purchases of equipment or materials by either party with appropriate credit against the payments due under the schedules, and may provide for contributions of funds by either or both parties, or by third parties, for use in effectuating the cooperative educational program in addition to the funds required to be contributed by this Extension Agreement and the Basic Agreement. CLAUSE IV The Basic Agreement shall remain in full force and effect for the purpose of extending the cooperative educational program, as provided herein, and all provisions of the Basic Agreement shall be applicable to all operations and activities under this Extension Agreement to the same extent and with the same effect as though expressly set forth herein; EXCEPT that the Basic Agreement, in its application to the period provided for in this Extension Agreement, shall be deemed to be amended and supplemented by the provisions of this Extension Agreement including the following particulars: 4089 Deposits by the In- stitute. Deposits by the Re- public. Instructional staff. Availability of funds, limitation. Amendment of schedules for making deposits, etc. Poet, p. 4094. Force and effect.

�