Page:United States Statutes at Large Volume 69.djvu/330

 288

PUBLIC LAW 138-JULY 8, 1955

[69 S T A T.

grants wherever possible, and not less than 50 per centum of the funds appropriated pursuant to this section shall be available only for furnishing assistance on terms of repayment in accordance with the l)rovisions of section 505, and not more than 25 per centum of said funds may be allocated for assistance to any one nation. " (d) I n utilizing the Fund the President shall give preference to projects or programs that will clearly contribute to promoting greater economic strength in the area as a whole or among a group or groups of countries of the area. "SEC. 419. WORLD HEALTH ORGANIZATION.—Section 3(a) of Public

22 USC 290b.

22 USC 1754.

22 USC 175S. 22 USC 1757.

66 Stat. 662.

22 USC 1761.

46 USC m i.

22 USC 1784. 22 USC 1785.

Law 643, Eightieth Congress, approved June 14, 1948, as amended, is hereby amended to read as follows: " ' (a) such sums as may be necessary for the payment by the United States of its share of the expenses of the Organization as apportioned by the Health Assembly in accordance with article 56 of the constitution of the Organization, except that payments by the United States for any fiscal year of the Organization after 1958 shall not exceed 33l^ per centum of the total assessments of active members of the Organization for such fiscal year; and'." SEC. 9. Title V, chapter 1, of the Mutual Security Act of 1954, which relates to general provisions, is amended as follows: (a) I n section 502, which relates to use of foreign currency, in subsection (b) after the word "amended,*' insert the words "and to the Joint Committee on Atomic Energy and the Joint Committee on the Economic Report,"; and in the proviso after the word "Senate" the second time such word occurs, insert the words "or a joint committee of the Congress". (b) I n section 503, subsection (b) is hereby repealed and subsection (c) is redesignated as " (b) ". (c)(1) Change the heading of section 505 to "LOAN ASSISTANCE AND SALES"

(2) Amend section 505(a) by inserting before the period at the end thereof the following: "and shall emphasize loans rather than grants wherever possible". (3) Add the following sentence at the end of subsection (a) of section 505: "Whenever commodities or services are sold for foreign currencies the President, notwithstanding section 1415 of the Supplemental Appropriation Act, 1953, or any other provision of law, may use or enter into arrangements with friendly nations or organizations of nations to use such currencies for the purposes for which the funds providing the commodities or services which generated the currencies were appropriated." ^(j^ jj^ section 509, which relates to shipping on United States vessels, add the following sentence at the end thereof: "The ocean transportation between foreign countries of commodities, materials, and equipment procured out of local currency funds made available or derived from funds made available under this Act shall not be governed by the provisions of section 901(b) of the Merchant Marine ^^ of 1936, or any other law relating to the ocean transportation of commodities, materials, and equipment on United States fiag vessels." SEC. 10. Title V, chapter 2, of the Mutual Security Act of 1954, which relates to organization and administration, is amended as follows: ^.^^ jj^ section 524(a), amend subparagraph (3) to read as follows: "(3) the supervision of end-item use by the recipient countries;", (b) I n the second sentence of section 525, which relates to the Foreign Operations Administration, after "Foreign Operations Administration" insert "(including any function, office or entity thereof

�