INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. (vi) Iraq and Transjordan. (vii) Iceland and the Faroe Islands. deNotof change i If and when any alteration is made to the definition of the expression "the scheduled territories" for the purposes of the Exchange Control Act, 1947, of the United Kingdom, the Government of the United King- dom shall forthwith notify that change to the Joint Foreign Exchange Agency and the expression "the sterling area" shall be deemed to have been correspondingly amended for the purposes of this Agreement. Joint Foreign Erx (b) For the purposes of the present Agreement, the Bipartite Fi- nance Committee (United States-United Kingdom), provided for in the Bizonal Fusion Agreement, shall be deemed to have been superseded by the Joint Foreign Exchange Agency. tsuio" org a niza- (c) Any reference in the present Agreement to the Joint Export- Import Agency or the Joint Foreign Exchange Agency shall be con- strued to refer likewise to any successor organization or organizations. Provisions for Entry into Force, Amendment and Renewal. 11 (a) The present Agreement shall come into force on signature. The present Agreement and the Bizonal Fusion Agreement shall con- stitute a single agreement between the two Governments, which shall remain in force until agreement has been reached for the treatment of Germany as an economic unit or until December 31, 1948, which- ever is the sooner. In either event, the Joint Export-Import Agency and the Joint Foreign Exchange Agency shall continue to function until such time as further agreement is reached concerning them. (b) The two Governments shall consult together before June 30, 1948, at the request of either of them, for the purpose of reviewing the op- eration of the Agreement and of considering whether any amendment should be made in its terms. The two Governments shall also con- sult together before December 1, 1948 to consider the terms and con- ditions of a new Agreement for a further period. IN wrNEss WHEREOF the undersigned, being duly authorized thereto, have signed the present Agreement. DoNE at Washington, in duplicate, this seventeenth day of December, 1947. FOR THE GOVERNMENT OF THE UNITED STATES OF AMERICA: RoBERT A LovEr. FOR THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND: WnoIAM STRANO 3616
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