Page:United States Statutes at Large Volume 62 Part 3.djvu/844

 62 STAT.] MULTILATERAL-U. S. EDUCATIONAL FOUNDATION-OCT. 8, 1948 assurer la bonne execution du programme. L'agent d'ex4cution sera responsable de la direction et de la surveillance des programmes et activites du Conseil conforme- ment aux resolutions et directives du Conseil. En cas d'absence ou de maladie de l'agent d'execution, le Conseil peut designer un rempla- cant pour telle duree qui sera estimee necessaire ou desirable. Article 10. Le Secretaire d'Etat des Etats- Unis d'Amerique peut, a son gre, proceder a l'examen des decisions du Conseil en toutes matieres. Article 11. Le Gouvernement belge mettra a la disposition de la Tresorerie des Etats-Unis, sur demande du Gou- vernement des Etats-Unis, des montants en monnaie belge n'exce- dant pas 1'equivalent de 150.000 dollars (monnaie des Etats-Unis), pour chaque annee civile, et jus- qu'a concurrence d'un montant equivalent a 3.000.000 de dollars (monnaie des Etats-Unis). Le cours du change entre la monnaie belge et celle des Etats- Unis a appliquer pour la determi- naison du montant A deposer en monnaie belge aux epoques fix6es, sera etabli conform6ment aupara- graphe 2A (3) du M6morandum of Understanding. Le Secretaire d'Etat des Etats- Unis mettra a la disposition de la Fondations les montants en mon- naie belge qui seront requis par la Fondation pour couvrir ses de- penses, mais, en aucun cas, ces montants ne pourront exceder les limites budgetaires etablies con- necessary to ensure the effective operation of the program. The Executive Officer shall be re- sponsible for the direction and supervision of the Board's pro- grams and activities in accordance with the Board's resolutions and directives. In his absence or dis- ability, the Board may appoint substitute for such time as it deems necessary or desirable. Article 10. The decisions of the Board in all matters may, in the discretion of the Secretary of State of the United States of America, be subject to his review. Article 11. The Government of Belgium shall deposit with the Treasury of the United States, upon demand of the United States Government, amounts of Belgium currency not to exceed the equivalent of $150.- 000 (United States Currency) dur- ing any calendar year, and in the aggregate totalling the equivalent of $3.000.000 (United States cur- rency). The rate of exchange between currency of the Government of Belgium and United States cur- rency to be used in determining the amount of currency of the Government of Belgium to be de- posited from time to time here- under, shall be determined in accordance with paragraph 2A (3) of the Memorandum of Under- standing. The Secretary of State of the United States of America will make available for expenditure by the Foundation currency of the Government of Belgium in such amounts as may be required by the Foundation but in no event in excess of the budgetary limitation Review of Board de- cisions. Deposits. Post, p. 39&5. 3459

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