Page:United States Statutes at Large Volume 58 Part 2.djvu/535

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58 STAT.] ICELAND-AID FOR DEFENSE-NOV. 21, 1941 Agreement between the United States of America and Iceland respecting aidfor defense of Iceland. Signed at Washington November 21, 1941; effective November 21, 1941. And related note. Whereas the United States of America and the Government of Iceland have agreed that in their mutual interests, the protection of Iceland should be entrusted to the United States of America; and Whereas the United States of America has agreed to further the interests of Iceland in every way in its power, including that of supplying Iceland with sufficient necessities and of securing necessary shipping to and from that country and of making in other respects favorable commercial and trade agreements with it; and Whereas the President of the United States of America has deter- mined, pursuant to the Act of the Congress of the United States of March 11, 1941, that the defense of Iceland is vital to the defense of the United States of America; and Whereas the Government of the United States of America and the Government of Iceland are mutually desirous of concluding an agree- ment which will facilitate the procurement of such defense articles, as defined in said Act, as the Government of Iceland may wish to obtain from the United States of America; and Whereas the making of such an agreement has been in all respects duly authorized, and all acts, conditions and formalities which it may have been necessary to perform, fulfill or execute prior to the making of such agreement, in conformity with the laws either of the United States of America or of Iceland have been performed, fulfilled or executed, as required, the undersigned, being duly authorized for that purpose, have agreed as follows: AnTICLE I The Government of the United States of America will procure for the Government of Iceland through an agency of the United States of America such defense articles as the Government of Iceland may wish to purchase, in so far as the Government of the United States of America and the Government of Iceland deem such procurement in the best interests of both Governments. The Government of Iceland will pay the Government of the United States of America for defense articles procured for it in accordance with this agreement, prior to the receipt of such articles, and will make such payments from time to time as the President of the United States of America may require to protect the interests of the United States of America; and, upon payment of the full cost the President of the United States of America November 21, 1941 [E. A. S. 429] 55 8tat. 31. 22 U. S. C., Supp. III, §§ 411-419. Procurement of de- fense articles; piy- ment. 1455