Page:United States Statutes at Large Volume 63 Part 3.djvu/350

 63 STAT.] UNITED KINGDOM-ZONES IN GERMANY-JUNE 30; 1949 2655 many at the existing basic rate of 17-/2 million pounds per annum (approximately the equivalent of 70 million dollars). The type and value of specific categories of goods and services to be supplied by the Government of the United Kingdom will be agreed upon in separate discussions between the United Kingdom and the Bizonal Area. Pending such agreement, the Government of the United Kingdom will sup- ply appropriate quantities of the goods and services specified in the Annex to the Agreement of December 17, 1947, amend- 61 stat., Pt. 4, ing the Fusion Agreement. The Government of the United p 3617. States will use its best endeavors to secure the full utilization by the Bizonal Area of the offer of supplies and services which the Government of the United Kingdom will make to fulfill its obligation under this provision. If after the termination of the present agreement it should appear that the Govern- ment of the United Kingdom has not fully spent or committed the amount of the contribution envisaged, the two Govern- ments will consult together for the purpose of seeking an acceptable method of settling the balance. (C) Moneys made available by the Government of the United Kingdom for the supply of goods and services in accordance with paragraph (B) of the exchange of notes of March 31 Antc.p. 231 . last amending and extending the Revised Fusion Agreement will, to the extent that they have not been fully spent by June 30, 1949, be used for the purchase of Category A sup- plies and services for delivery after that date in accordance with existing arrangements and procedures. (D) Upon the conclusion of a Payments Agreement between the Payments Agree- United Kingdom and Western Germany, as envisaged in para- en graph (A) of the exchange of notes of March 31, 1949, para- Ant, p.230. graph 3 of the Agreement signed in Washington on December 17, 1947 shall terminate and its provisions shall be replaced by p.6 18tat. Pt. 4 , the Payments Agreement to be concluded between the Gov- ernment of the United Kingdom and Western Germany. Un- til conclusion of such a Payments Agreement the figure of 1-/2 million pounds in paragraph 3(6)(vi) and (vii) of the Agreement of December 17, 1947 will be increased to 7 -12 million pounds, provided, however, that any credit for account of unused drawing rights out of fiscal year 1948/49 will be excluded from a credit balance of the Bizonal Area for pur- poses of calculating the excess which would necessitate pay- ments in United States dollars. (E) The liability of the Government of the United Kingdom tocVgoin'of B- st convert sterling into dollars in accordance with the provisions of sub-paragraph (b) of paragraph 4 of the Agreement signed in Washington on December 17, 1947 shall be limited to the sterling held on July 1, 1949 in the No. 2 account of the Bank Deutscher Laender with the Bank of England, or due to 81939-52 -PT. 11- -23

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