Page:United States Statutes at Large Volume 66.djvu/196

 up 22 USC 1581.

PUBLIC LAW 400-JUNE 20, 1952

[66 S T A T.

"(3) The provisions of section 409 of this Act shall not apply to equipment, materials, and commodities made available under this subsection." 22 USC 1513. SEC. 9. Section 115 of the Economic Cooperation Act of 1948, as amended, is amended as follows: co^ts*. * ^ ^ ^ ^*== (a) Before the period at the end of paragraph (6) of subsection (b) insert a colon and the following: And provided further, That when:;.,.1 fiver funds from such special account are used by a country to make loans all funds received in repayment of such loans shall be redeposited in such special account". (b) In subsection (h) strike out "5 per centum" and insert in lieu thereof "10 per centum". (c) At the end of such section add a new subsection as follows: " (k) Of the funds appropriated pursuant to section 101(a)(2) of Ante, p. 141. the Mutual Security Act of 1951, as amended, (1) $100,000,000 shall, to the maximum extent practicable consistent with the accomplishment of the policies and purposes of the Mutual Security Act of 1951, as amended, be expended in such manner and subject to such agreements as may be necessary to assure that the amounts of local currencies deposited under subsection (b)(6) as a result of such expenditure shall be used exclusively, in accordance with principles developed by the Administrator, to establish revolving funds which shall be available for making loans, and otherwise to carr}' out programs in furtherance of the objectives of section 516 of the Mutual Security Act of Ante, p. 146. 1951, with a view to stimulating free enterprise and the expansion of the economies of those countries with equitable sharing of the benefits of increased production and productivity between consumers, workers, and owners; and (2) the Director for Mutual Security is authorized to transfer not exceeding $2,500,000 to the Organization for European Economic Cooperation, to be used on terms and conditions to be specified by the Director in order to promote the objectives of section 516 of the Mutual Security Act of 1951, as amended." >.. i, SEC. 10. The Act for International Development is amended as follows: 22 USC 1557b. (g^) ^ ^ the end of section 404(b), as amended, which relates to contributions of not to exceed $13,000,000 for 1952 to international organizations for technical cooperation programs, add the following proviso: '''•Provided further, That for the fiscal year 1953 not to exceed $15,708,750 is authorized to be appropriated to the President for use in making contributions under this subsection." 22 USC i5S7k. (b) Change section 413(a) thereof, which concerns the appoint, * XV ment of the Administrator of the Technical Cooperation Administration at a salary of $15,000, to read as follows: o Iration^>wi5^ " ( ^) '^^^ President shall appoint, by and with the advice and conis^alio^l Personnel. under the direction of the President or such other officer as he may designate pursuant to section 412 hereof to exercise the powers conferred upon him by this title, shall be responsible for planning, implementing, and managing the programs authorized in this title. He shall be compensated at a rate fixed by the President without regard 63 Stat. 954^^^^ to the Classification Act of 1949 but not in excess of $16,000 per annum. 5 USC 1071 note. The President may also appoint, by and with the advice and consent cTTo^ """ ""*" of the Senate, a Deputy Administrator for Technical Cooperation who shall perform such functions as the Administrator shall designate, and shall be Acting Administrator for Technical Cooperation during the absence or disability of the Administrator or in the event of a vacancy in the office of the Administrator. The Deputy Administrator shall receive compensation at a rate fixed by the President
 * " sent of the Senate, an Administrator for Technical Cooperation, who,

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