Page:United States Statutes at Large Volume 68 Part 1.djvu/871

 68 S T A T. ]

PUBLIC LAW 665-AUG. 26, 1954

(b)(1) Notwithstanding the provisions of any other law, the President is authorized, at any time prior to twenty-four months from the date of enactment of this Act, to transfer to the Republic of Korea, by sale or charter and on such terms and conditions as he may specify, not more than eight C l - M - A V l vessels. Any agency of the United States Government owning or operating such vessels is authorized to make such vessels available for the purpose of this subsection: Provided, That if after investigation it is determined by the President that there are privately owned C l - M - A V l vessels offered and available for sale by American citizens as defined in section 2 of the Shipping Act, 1916, as amended, at prices equal to or less than those provided for in subsection (b)(2) below, such vessels shall be acquired by an owning or operating agency designated by the President for the purpose of this subsection. Funds made available pursuant to subsection (a) of this section shall be available for the purpose of this subsection. (2) Such transfers shall be made at prices determined under section 3 of the Merchant Ship Sales Act of 1946 (50 U.S.C. App. 1736): Provided, That such vessels shall be placed in class in accordance with minimum requirements of the American Bureau of Shipping by the owning or operating agency, and the expense of placing in class shall be reimbursed to such agency. (c) There is hereby authorized to be appropriated for the fiscal year 1955 not to exceed $3,452,615 for making contributions to the United Nations Korean Reconstruction Agency or expenditure through such other agency for relief and rehabilitation in Korea as the President may direct. I n addition, the unexpended balance of the appropriation made pursuant to the last sentence of section 303(a) of the Mutual Security Act of 1961, as amended, is hereby authorized to be continued available for the purpose of this subsection through June 30, 1955, and to be consolidated with the appropriation authorized by this subsection. Sections 141 and 142 of this Act shall not apply with respect to assistance furnished under this subsection. (d) To the extent necessary to accomplish the purposes of this section (1) assistance may be furnished under this section without regard to the other provisions of this title and (2) the authority provided in section 307 may be exercised in furnishing assistance under subsection (a) of this section. CHAPTER 4—GENERAL PROVISIONS RELATING TO M U I U A L DEFENSE ASSISTANCE

141. CONDITIONS OF ELIGIBILITY FOR ASSISTANCE.—No assistance shall be furnished under this title to any nation or organization unless the President shall have found that furnishing such assistance will strengthen the security of the United States and promote world peace. No such assistance shall be furnished to a nation unless it shall have agreed to the provisions required by section 142, and such additional provisions as the President deems necessary to effectuate the policies and provisions of this title and to safeguard the interests of the United States. SEC. 142. AGREEMENTS.—No assistance shall be furnished to any nation under this title unless such nation shall have agreed to— (1) join in promoting international understanding and good will, and maintaining world peace; (2) take such action as may be mutually agreed upon to eliminate causes of international tension; (3) fulfill the military obligations, if any, which it has assumed under multilateral or bilateral agreements or treaties to which the United States is a party; SEC.

839

39 si^t_. 729.

60 Stat. 4i.

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