Page:United States Statutes at Large Volume 62 Part 3.djvu/223

 62 STAT.] PARAGUAY-COOPERATIVE EDUCATION- Dec . 11, 1947 Mar. 8, 10, 12, 1948 CLAUSE XII In the event that the Institute deems that the funds or any portion thereof which it has set aside for the payment of salaries or other expenses directly payable to, or on account of, members of the field staff, as provided in Clause VI hereof, will be more than is needed for that purpose, or for any other purpose of the Institute, the Institute will thereupon advise the Republic of the surplus which it can accord- ingly make available for projects under the program and such addi- tional sum shall be paid into the Servicio bank account or be other- wise disposed of pursuant to this Agreement. CLAUSE XIII All employees of the Institute who are citizens of the United States of America and are engaged in carrying out the objectives of the cooperative education program shall be exempt in Paraguay from all income taxes and social security taxes with respect to income on which they are obligated to pay income or social security taxes to the Gov- ernment of the United States of America and from property taxes on personal property intended for their own use. Such employees and members of their families who reside with them in Paraguay shall be exempt, also, from payment of custom, port charges, or other duties on their personal effects and equipment, and supplies imported or exported for their own use and from investment and deposit require- ments and from costs of foreign exchange conversions on funds brought into Paraguay for their normal living expenses. CLAUSE XIV All rights and privileges which are enjoyed by governmental and official divisions or agencies of the Republic shall accrue to the Serv- icio. Such rights and privileges shall include, for example only, and not exclusively, free postal, telegraph and telephone service, special government rates made by transportation companies and, also freedom and immunity from excise, stamp, property income and all other taxes, as well as from consular charges and customs duties and port charges upon imports for the use of the Servicio in the coop- erative education program. The Institute shall enjoy the same rights and exemptions with respect to its acts and property relating to the cooperative education program. CLAUSE XV All materials, equipment and supplies purchased with funds of the Servicio shall become and remain the property of the Republic and shall be devoted solely to the cooperative education program in Para- guay. CLAUSE XVI Any rights, powers or duties conferred by this Extension Agreement upon either the Minister, the Special Representative, or the Director of the Servicio, may be delegated by the recipient thereof to repre- sentatives in writing, provided that such representatives are satisfactory Surplus funds. Ante, p. 2828. Exemption of U. S. employees from dou- ble taxation, customs duties, etc. Rights and privi- leges. Ownership of equip- ment. Delegation of power, etc.

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