Page:United States Statutes at Large Volume 63 Part 3.djvu/564

 2870 Cau Bank Aacount. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [63 STAT. shall be administered by the Institute and shall not be deposited to the credit of the Comissao Brasileiro-Americana de EducaqAo Indus- trial (hereinafter referred to as the "CBAI"). 2. The Institute shall deposit in the CBAI special bank account (hereinafter referred to as the "CBAI Bank Account"), in the Banco do Brasil, the sum of US$100,000.00 or its equivalent in cruzeiros, (which, at the exchange rate of Cr$18,50 to $1.00 equals Cr$1.850. - 000,00), as follows: Within 15 days after the registration of the Bra- zilian appropriation .............. .. .. US$ 50, 000. 00 On or before January 31, 1949 ........ US$ 50, 000. 00 Total ............... . .US$100, 000. 00 3. The Government, in addition to its regular budget for industrial education, shall deposit in the CBAI bank account the sum of Cr$7,000,- 000,00 (which, at the exchange rate of Cr$18,50 to $1.00 equals US$378.378,38), as follows: Within 15 days after the registration of the Bra- zilian appropriation. . . . . . . . . . . . CR$3.000.000,00 On or before January 31, 1949 ........... CR$4.000.000,00 Total .... ... .. . . . . . C.R$7.000 .000,00 4. The funds to be deposited by the Institute under sub-paragraph 2 of this Clause II shall be available for the payment of CBAI expenses incurred on and after July 1, 1948, but all funds required to be de- posited within 15 days after the registration of the Brazilian appro- priation, by either party shall not be available for withdrawal or expenditure until all deposits due and payable from the other party have been made: CLAUSE III Amendment of hedule for depodit. The parties hereto, by written agreement of the Superintendent of ete. the CBAI and the Special Representative, may amend the schedules for making the deposits required by Clause II hereof, may provide for advance purchase of equipment or materials by either party with appropriate credit against the payments due under the schedules, and may provide for contributions of funds by either or both parties, or by third parties, for use in effectuating the cooperative education Ot17. program in addition to the funds required to be contributed by this tt. 17 Extension Agreement and the Basic Agreement. CLAUSE IV Boresen eft The Basic Agreement shall remain in full force and effect for the purpose of extending the cooperative education program, as provided herein, and all provisions of the Basic Agreement shall be applicable to all operations and activities under this Extension Agreement to the same extent and with the same effect as though expressly set forth herein; EXCEPT that the Basic Agreement, in its appllcation to the period proided for this Extension Agreement, is hereby amended

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