Page:United States Statutes at Large Volume 67.djvu/116

 80

PUBLIC LAW 7 7 - J U N E 26, 1953

Public Law 77 June 25, 1953 [S.2112]

Pakistan. Wheat.

Delivery.

Appropriation.

U. S. - Pakistan agreement.

[67

STAT.

CHAPTER 150

AN ACT To provide for the transfer of price-support wheat to Pakistan.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, notwithstanding the provisions of any other law, the Commodity Credit Corporation is authorized and directed to make available to the President out of wheat stocks acquired through price-support operations not to exceed one million long tons of wheat, during the period ending June 30, 1954, for transfer to the Government of Pakistan upon such terms and conditions as the President determines appropriate, of which seven hundred thousand tons may be made available in order to alleviate starvation and mass suffering threatened by famine conditions in Pakistan and not to exceed three hundred thousand tons to provide such reserve supply as he may determine to be a necessary supplement to such emergency assistance. Commodity Credit Corporation shall deliver the wheat on board vessels in United States ports as directed by the President. At least 50 per centum of the gross tonnage of wheat made available under this Act and transported from the United States on ocean vessels shall be so transported on United States flag vessels to the extent practicable and to the extent such vessels are available at market rates for United States flag vessels. SEC. 2. For the purpose of making payments to the Commodity Credit Corporation for commodities disposed of hereunder, there are hereby authorized to be appropriated, out of any moneys in the Treasury not otherwise appropriated, such sums as are equal to the Corporation's investment in such commodities, including handling costs, plus the costs incurred in making deliveries hereunder. Any funds or other assets available to the Commodity Credit Corporation may be used, in advance of such appropriation or payments, for carrying out the purposes of this Act. SEC. 3. No assistance under authority of this Act shall be made available until an agreement is entered into between Pakistan and the United States containing the following undertakings, and any others the President may determine to be desirable to carry out the purposes of this Act, on the part of Pakistan: (a) To distribute the supplies made available under this Act among the people of Pakistan without discrimination and to provide such supplies free of cost to persons who, by virtue of circumstances beyond their control, are unable to pay for them, (b) To give full and continuous publicity in Pakistan to the assistance furnished by the people of the United States. (c) To permit persons designated by the Government of the United States to observe without restriction the distribution in Pakistan of supplies made available under authority of this Act. (d) To deposit in a special account amounts of the currency of Pakistan equivalent to the amounts of such currency accruing to the Government of Pakistan from the import and sale of commodities furnished as a grant hereunder, this account to be utilized as may be agreed upon by the United States and the Government of Pakistan for the benefit of the people of Pakistan in programs to increase food production and in other projects and programs in the mutual interest of the United States and Pakistan. (e) To allocate to the use of the Government of the United States 5 per centum of the local currency account established in subsection (d) for use, in accordance with applicable United States laws, for local

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