61 ST A.] FRANCE-A-MUTUAL AID SETTLEMENT--MAY 28, 1946 Bank have now approved a new line of credit of $650 million. This action has been taken pending the time when the International Bank for Reconstruction and Development will be in full operation. The two Governments have reached complete agreement for the final settlement of all lend-lease and reciprocal aid, including military and civilian supplies furnished by each Government to the other. They have also agreed on the acquisition of United States army and navy surplus property located in France and certain French overseas territories. Under this Agreement, credits of $720 million have been provided for the purchase of surplus property and for goods supplied to France since the end of the war. Discussions are taking place for an additional credit, subject to the provisions of the Merchant Ship Sales Act of 1946, whereby France will acquire approximately 750,000 tons of merchant shipping owned by the Government of the United States. The two Governments believe that the results of the discussions which have now been concluded will help France in reconstructing and modernizing the French economy and are a substantial step towards the achievement of the international economic cooperation which is the prerequisite of a peaceful and prosperous world. They welcome the support of all of the United Nations in establishing a world trading and monetary system which will assure a full flow of commerce to the benefit of the peoples of all countries. 4217 Settlement of lend- lease and reciprocal aid. Credit for French acquisition of mer- chant shipping. 60 Stat. 41. 50U.S. ', app. .5 17 35-1746 . Approved 5/28/46 HARRY S TRUMAN LEON BLMx
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