Page:United States Statutes at Large Volume 62 Part 3.djvu/1475

 4096 Deposits. Technical assist- ance. Additional assist- ance. Specialists. Office quartersr equipment, etc. Purchases in the U.S. Availability of funds. Disposition of un- obligated funds. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. agreement between the Minister of Education and the Special Repre- sentative of the Foundation. Date Amount Within a period of 60 days after the approval of the present agreement by the Cabinet of the Republic of Panama B/s. 10 ,000 On or about the 15th of the twelfth month after the date stipulated for making the first deposit. .................... . . . . . 20,000 On or about the 15th of the twelfth month after the date stipulated for making the second deposit. ........... .. . ... 20,000 B/s. 50,000 The Foundation also agrees to furnish the Government with the technical assistance and advice of its vocational educational specialists in the planning of a School of Arts and Crafts in the City of Panama which the Government plans to establish at an approximate cost of TWO MILLION BALBOAS (B/s. 2,000,000) and in the establishment of other institutions that may be necessary for the development of vocational education in the country. 7.- The Foundation also agrees to furnish the Cooperative Educa- tional Program with all the assistance it can render by reason of its organization and personnel in the United States of America, its relations with other cooperating educational bodies in the United States, its experience and its special facilities, which, within the limits imposed by the funds available, may provide many of the services required in connection with the tours and studies of Panamanian educators who go to the United States. The Government also agrees to: (a) Appoint specialists to collaborate with Foundation personnel and to pay for the services thereof. (b) Make available quarters, furniture, office supplies, materials, equipment, transportation, and other materials that may be necessary in carrying out the program and (c) Lend the cooperation of its other departments and agencies. 8. - In the cases in which some of the materials needed in carrying out the program are purchased in the United States, the Minister of Education and the Special Representative of the Foundation may agree that such purchase be made through the Foundation and may determine the manner of payment to be adopted. 9. - The funds contributed by the contracting parties to the account of the Servicio shall be available to the Cooperative Educational Pro- gram throughout the life of this agreement. In the event that the account of the Servicio should earn any interest, it shall be spent on the Cooperative Educational Program. The Minister of Education and the Special Representative of the Foundation shall decide by mutual agreement what disposal is to be made of any unobligated funds remaining in said bank account of the Servicio upon the termina- tion of the present contract. The expenditures of the Servicio as well as the account thereof shall be at all times subject to examination by the Office of the Comptroller General of the Republic.

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