Page:United States Statutes at Large Volume 62 Part 3.djvu/339

 2948 Pricing of U. S. supplies. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. steps designed to achieve fair and equitable distribution within the areas under its control of commodities provided by the Government of the United States of America pursuant to this Agreement and of similar commodities imported into China with other funds or pro- duced locally. To the extent that circumstances and supply availa- bilities permit, a distribution and price control system shall be in- augurated or maintained in urban centers of China with the intent of insuring that all classes of the population shall receive a fair share of imported or indigenously produced essential civilian supplies. In permitting expendable commodities made available under this Agree- ment to be utilized in support of the Chinese efforts to improve con- sumption and price controls, it is understood that the Government of the United States of America takes no responsibility for the success of these urban programs. 3. The prices at which supplies furnished by the United States of America pursuant to this Agreement will be sold in China shall be agreed upon between the Government of the United States of America and the Government of China. AmcTILE V. Loalp. 2ren. . The provisions of this Article shall apply only with respect to assistance which may be furnished by the Government of the United States of America on a grant basis pursuant to this Agree- ment. Special account; d e - 2. The Government of China agrees to establish a special account in the Central Bank of China in the name of the Government of China (hereinafter called the special account) and to make deposits in Chinese currency to this account as follows: (a) The unencumbered balance at the close of business on the day of the signature of this Agreement in that special account in the Central Bank of China in the name of the Government of China established pursuant to the Agreement between the Government of the United States of America and the Government of China made on 61 Stat., Pt. 4 , October 27, 1947, and any further sums which may from time to time be required by such Agreement to be deposited in that special account. It is understood that subsection (E) of Section 114 of the 62 tat. , Pt.l, p. 60 . Foreign Assistance Act of 1948 constitutes the approval and deter- mination of the Government of the United States of America with respect to the disposition of such balance referred to in that Agree- ment, and (b) The unencumbered balances of the deposits made by the Government of China pursuant to the exchange of notes between the two Governments dated April 30, 1948. ["] (c) Amounts commensurate with the indicated dollar cost to the Government of the United States of America of commodities, services and technical information (including any costs of processing, storing, transporting, repairing or other services incident thereto) made available to China on a grant basis pursuant to this Agreement Department of State Bulletin, May 16, 1948, p. 647.

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