Page:United States Statutes at Large Volume 63 Part 3.djvu/578

 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [63 STAT. OnorbeforeAugust15,1949.... .........$ A sum of $4,166.67 on or before the 15th day of each suc- ceeding month to and including June 15, 1950, which monthly payments will aggregate .......... 8, 333. 30 41, 666. 70 Total $ 50,000. 00 All cash grants made by the Institute to the Servicio will be de- posited to the account of the Servicio in the United States in a com- mercial bank of recognized standing in international trade in order that exchange will always be available in dollars to meet the needs of approved Servicio projects. 3. The Republic shall deposit to the credit of the Servicio, the sum of S/.1'956,836.35, as follows: On or before September 15, 1949. . . . . ......... S/. A sum of S/.10,833.34 on or before the 15th day of each suc- ceeding month to and including December 15, 1949, which monthly payments will aggregate. .. . . . . On or before January 15, 1950 ................ A sum of S/.304,472.74 on or before the 15th day of each succeeding month to and including June 15, 1950, which monthly payments will aggregate .......... ... .. .. 97, 499. 98 32, 500. 02 304, 472. 75 1'522, 363. 60 Total S/.1'956, 836. 35 4. The funds to be deposited by the Institute under sub-section 2 of this Clause II on Aug. 15, 1949, shall be available for expenditure from the date on which deposited but all payments to be thereafter deposited by either party shall not be avilable for withdrawal or expenditure until the corresponding deposit due from the other party on the same date has been made. 5. The parties hereto, by written agreement of the Minister and the Special Representative, may amend the schedules for making the de- posits required by this Clause II. CLAUSE III 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; ExcEPr that the Basic Agreement, (including any extensions and amendments thereto) in its application to the period provided for in this Extension Agreement, shall be deemed to be amended and supple- mented by the provisions of this Extension Agreement, including the following particulars:. 1. The parties hereto agree that any funds which remain in the Servicio unexpended and unobligated on the termination of the co- operative education program, shall, as agreed upon in writing by the parties hereto at that time, either be turned over to the Republic to be devoted by it to activities which will further advance the purposes of Force and effect of Basic Agreement. Unobligated funds. 2884

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