Page:United States Statutes at Large Volume 63 Part 3.djvu/380

 63 STAT.] IRAN--CUIAURAL EXCHANGE COMMISSIO--SEPT. 1, 1949 Agreement between the United States of America and Iran respecting the United States Commission for Cultural Exchange with Iran. Signed at Tehran September 1, 1949; entered intoforce September 1, 1949. Agreement between the Government of the United States of America and the Imperial Government of Iran for the use of funds received by the Government of the United States of America from the sale of surplus property in Iran. The Government of the United States of America and the Imperial Government of Iran; Desiring to promote further mutual understanding between the peoples of the United States of America and Iran by a wider exchange of knowledge and professional talents through educational contacts; and Considering that Section 32 (b) of the United States Surplus Prop- erty Act of 1944, as amended by Public Law No. 584, 79th Congress, provides that the Secretary of State of the United States of America may enter into an agreement with any foreign government for the use of currencies or credits for currencies of such foreign government acquired as a result of surplus property disposals for certain educa- tional activities; and Considering that certain currencies of the Imperial Government of Iran have been received by the Government of the United States of America in payment for certain surplus war properties, Have agreed as follows: Article 1 There shall be established a commission to be known as The United States Commission for Cultural Exchange Between Iran and United States, which shall be recognized by the Government of the United States of America and the Imperial Government of Iran as an organi- zation created and established to facilitate the administration of the educational program to be financed by funds made available by the Government of the United States of America as provided by Section 32 (b) of the United States Surplus Property Act of 1944, as amended, under the terms of the present agreement. Except as hereinafter provided, the Commission shall be exempt from the domestic and local laws of the United States of America as they relate to the use and expenditure of the funds for the purposes set forth in the present agreement. The funds and credits shall enjoy the same treatment in Iran as is practiced with regard to properties belonging to foreign governments. The funds made available by the Government of the United States of America, under the present agreement within the conditions and 60 Stat. 7M. 50U.S. 0. app. ltl (b). BEtablishment. 60 8tat. 754. 60U.8.0. app. 1161 (b). Exemption from U.S. domest.icand local laws. Uoe t U.S. fd. 2685 September 1,1949 IT. I. A. 81973]

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