HAITI-FINANCES-SEPT. 30 , 1946 En ce qui concerne les autres fonctions de la Banque, le Conseil d'Administration exercera les pouvoirs pr6vus dans l'Acte Cons- titutif et les Statuts de la Banque. Veuillez agreer, Monsieur l'Ambassadeur, les assurances de ma tres haute consideration. DR. PRICE-MARS Son Excellence Monsieur HAROLD H. TITTMANN, Ambassadeur Extraordinaire & Plenipotentiairedes Etats-Unisd'Amerique Port-au-Prince. Translation SECRETARY OF STATE FOR FOREIGN AFFAIRS No. DEC/A-3:869 PORT-AU-PRINCE, September 0S,1946 MR. AMBASSADOR: I have the honor to acknowledge receipt of note No. 10 dated September 30, 1946, in which Your Excellency informs me of the acceptance by your Government of the amendments of Article III of the Executive Agreement of September 13, 1941, envisaged in Your Excellency's note of September 23 and mine of September 26. In reply, I have the honor to confirm also the acceptance by my Government of the said amendments which relate to the number of members of the Board of Directors of the National Bank of the Republic of Haiti and to their term of office. Consequently, the text of Article III, as amended, becomes the following: "The National Bank of the Republic of Haiti shall be reorganized with a Board of Directors consisting of an Honorary President and four voting members. The Haitian Minister of Finance, or in his absence, the Acting Minister of Finance, shall be ex officio the Honorary President. Two of the voting members are always to be citizens of the Republic of Haiti. The other two voting members are always to be citizens of the United States of America. Decisions of the Board of Directors shall require a majority vote of the voting members of the Board. The President of the Republic of Haiti shall appoint the Haitian members of the Board of Directors; the citizens of the United States of America who are members of the Board shall be chosen by mutual agreement of the two Governments. All of the voting members of the Board shall hold office for a period of five years and shall not be removed except for cause. Provided, however, that the terms commencing October 1, 1946 shall continue until September 30, 1947 only. Vacancies on the Board of Directors shall be filled in the same manner as the original appointments. "There shall be two Co-Presidents of the Board of Directors of the Bank. One of these, the Haitian Minister of Finance, shall act 95347° -4 9-PT. III-26 2677 61 STAT. ]
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