Page:United States Statutes at Large Volume 63 Part 3.djvu/351

 2656 Availability of JEIA funds. 61 Stat., Pt. 3, p. 2475. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [63 STAT. be paid into that account in fulfillment of arrangements con- cluded before July 1, 1949. During the period of the present agreement the sterling held in the No. 2 account of the Bank Deutscher Laender with the Bank of England will not be converted into dollars. (F) At the time of the liquidation of the Joint Export Import Agency as provided for in the charter of the Allied High Com- mission for Germany the capital funds of the Joint Export Import Agency, resulting from the capital contributions made by the Governments of the United States and United Kingdom in accordance with the Agreement of December 2, 1946, will be made available to the German Government for purposes of financing the foreign trade of Germany, provided, however, that the sterling assets of JEIA transferred under these arrangements will be blocked until June 30, 1950, or until agreement has been reached between the Governments of the United Kingdom and the United States as to how their release is to be effected, whichever date is the sooner. Should these proposals commend themselves to the Government of the United Kingdom, I have the honor to suggest that this note and your reply should constitute an Agreement between our two Governments. Accept, Excellency, the renewed assurances of my highest consider- ation. For the Secretary of State: DEAN RUsK His Excellency Sir OLTVER SHEWEL.L FRANKS, K.C .B., C.B.E ., British Ambassador. The British harge d'Affaires to the Secretary of State Ref. 89/62/49 No. 846 BBITISH EMBASSY, WASHINGTON, D. C. June 30th, 1949. SIu, I have the honour to acknowledge the receipt of your note of today's Ant, p.p. date, the terms of which are as follows:- "I have the honor to refer to the discussions which have taken place between the Government of the United Kingdom and the Gov- ernment of the United States on the subject of the extension of the Agreement between the two Governments concerning the British and American Zones of Occupation in Germany. AnUt, p. ". "By their exchange of notes of March 31, 1949 the two Govern- ments agreed to extend the Bizonal Fusion Agreement to June 30, 1949, and to consult together before June 1, 1949 to consider the terms and conditions of a new Agreement for a further period.

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