Page:United States Statutes at Large Volume 82.djvu/493

 82 STAT. ]

PUBLIC LAW 90-436-J ULY 29, 1968

451

" (p) Assure convertibility at such uniformly applied exchange rates as shall be agreed upon of up to 50 per centum of the foreign currencies received pursuant to each agreement by sale to United States or purchasing country contractors for payment of wages earned in the development and consummation of works of public improvement in the purchasing country; and "(q) Assure convertibility of up to 50 per centum of the foreign currencies received pursuant to each agreement by sale to United States importers for the procurement of materials or commodities in the purchasing country." SEC. 6. Section 104 is amended by deleting the word "and" at the so Stat. 1528. end of subsection (i) and deleting the colon after subsection (j) and ^ "^^ ^''°'*' inserting in lieu thereof "; and", and adding the following new subparagraph (k): " (k) for paying, to the maximum extent practicable, the costs of carrying out programs for the control of rodents, insects, weeds, and other animal or plant pests;". SEC. 7. Section 303 of the Act is amended by adding at the end Barter, thereof the following: ''Barter or exchange of agricultural commod- y^us^c^ieVa^^ ities under clause (a) of this section shall be limited to exchange for materials which originate in the country to which the surplus agricultural commodities are exported and to arrangements which will prevent resale or transshipment of the agricultural commodities to other countries." SEC. 8. Section 407 of the Act is amended by striking out the entire Advisory comsection and substituting the following: mittee. "SEC. 407. There is hereby established an Advisory Committee y^us^c'r/a"! composed of the Secretary of State, the Secretary of the Treasury, the Secretary of Agriculture, the Director of the Bureau of the Budget, the Administrator of the Agency for International Development, the chairman and the ranking minority member of both the House Committee on Agriculture and the House Committee on Foreign Affairs, and the chairman and the ranking minority member of both the Senate Committee on Agriculture and Forestry and the Senate Committee on Foreign Relations, The Advisory Committee shall survey the general policies relating to the administration of the Act, including the manner of implementing the self-help provisions, the uses to be made of foreign currencies which accrue m connection with sales for foreign currencies under title I, the amount of currencies to be reserved in sales agreements for loans to private industry under section 104(e), rates of exchange, interest rates, and the terms under which dollar credit sales are made, and shall advise the President with respect thereto. The Advisory Committee shall meet not less than four times during each calendar year at the call of the Acting Chairman of such Committee who shall preside in the following order: The chairman of the House Committee on Agriculture, the chairman of the Senate Committee on Foreign Relations, the chairman of the Senate Committee on Agriculture and Forestry, and the chairman of the House Committee on Foreign Affairs." SEC. 9. Section 102 of the Act is amended by striking out the period Financing for at the end thereof and adding a oolon and thQ following: '•''Provided, fn North viKnam That the Commodity Credit Corporation shall not finance the sale and commerce. export of agricultural commodities under this Act for any exporter ' "^^ ^'^^'^• which is engaging in, or in the six months immediately preceding the application for such financing has engaged in, any sales, trade, or commerce with North Vietnam, or with any resident thereof, or which owns or controls any company which is engaging in, or in such period has engaged in, any such sales, trade, or commerce, or which is owned or controlled by any company or person which is engaging in, or which

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