Page:United States Statutes at Large Volume 62 Part 3.djvu/420

 62 STAT.] TRIESTE, UK/US ZONE-ECONOMIC COOPERATION-OCT. 15, 1948 2. Taking into account Article 8 of the Convention for European Economic Cooperation ['] looking toward the full and effective use of manpower available in the participating countries, the Commander, with due regard for the urgency and importance of the problems of surplus manpower in the UK/US Zone, will accord sympathetic consideration to proposals made in conjunction with the International Refugee Organization directed to the largest practicable utilization of manpower available in any of the participating countries in further- ance of the accomplishment of the purposes of this Agreement. 3. The Commander will take the measures which he deems appro- priate, and will cooperate with other participating countries, to pre- vent, on the part of private or public commercial enterprises, business practices or business arrangements affecting international trade which restrain competition, limit access to markets or foster monopolistic control whenever such practices or arrangements have the effect of interfering with the achievement of the joint program of European recovery. Article III (Guaranties) 1. The Government of the United States of America and the Commander will, upon the request of either party, consult respecting projects in the UK/US Zone proposed by nationals of the United States of America and with regard to which the Government of the United States of America may appropriately make guaranties of currency transfer under section 111 (b) (3) of the Economic Cooperation Act of 1948. 2. The Commander agrees that if the Government of the United States of America makes payment in United States dollars to any person under such a guaranty, any Italian lire, or credits in Italian lire, assigned or transferred to the Government of the United States of America pursuant to that section shall be recognized as property of the Government of the United States of America. Article IV (Local Currency) 1. 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. 2. The Commander will establish a special account in the Banca d'Italia in the name of the Commander (hereinafter called the Special Account) and will make deposits in Italian lire to this account as follows: (a) The unencumbered balance, at the close of business on the date of this Agreement, in the Special Account in the Banca d'Italia established in accordance with the provisions of Section 6 of Public Law 84, Eightieth Congress, and Section 103 (b) of the Department of State publication 3145. Utilization of man- power. Prevention of prac- tices interfering with achievement of pro- gram. Post,p. 3036 . 62Stat., Pt.1,pp. 144, 1056. Post, p. 3034. Post,p. 3034. Special account in Banca d'Italia. 61 Stat., Pt. I,p. 128 . 22U. .C., Supp.I, 11416. 3029

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