62 STAT.] IRELAND-ECONOMIC COOPERATION-JUNE 28, 1948 Taking note that the Government of Ireland has already expressed its adherence to the purposes and policies of the Economic Coopera- tion Act of 1948; Desiring to set forth the understandings which govern the furnish- ing of assistance by the Government of the United States of America under the Economic Cooperation Act of 1948, the receipt of such assistance by Ireland, and the measures which the two Governments will take individually and together in furthering the recovery of Ireland as an integral part of the joint program for European recovery; Have agreed as follows: Article I (Assistance and Cooperation) 1. The Government of the United States of America undertakes to assist Ireland, by making available to the Government of Ireland or to any person, agency or organisation designated by the latter Gov- ernment such assistance as may be requested by it and approved by the Government of the United States of America. The Government of the United States of America will furnish this assistance under the provisions, and subject to all of the terms, conditions and termination provisions, of the Economic Cooperation Act of 1948, acts amendatory and supplementary thereto and appropriation acts thereunder, and will make available to the Government of Ireland only such com- modities, services and other assistance as are authorised to be made available by such acts. 2. The Government of Ireland, acting individually and through the Organization for European Economic Cooperation, consistently with the Convention for European Economic Cooperation signed at Paris on April 16, 1948, will exert sustained efforts in common with other participating countries speedily to achieve through a joint recovery program economic conditions in Europe essential to lasting peace and prosperity and to enable the countries of Europe partici- pating in such a joint recovery program to become independent of extraordinary outside economic assistance within the period of this Agreement. The Government of Ireland reaffirms its intention to take action to carry out the provisions of the General Obligations of the Convention for European Economic Cooperation, to continue to participate actively in the work of the Organization for European Economic Cooperation, and to continue to adhere to the purposes and policies of the Economic Cooperation Act of 1948. 3. With respect to assistance furnished by the Government of the United States of America to Ireland and procured from areas outside the United States of America, its territories and possessions, the Government of Ireland will cooperate with the Government of the United Sthtes of America in ensuring that procurement will be effected at reasonable prices and on reasonable terms and so as to arrange that the dollars thereby made available to the country from which the assistance is procured are used in a manner consistent with any arrangements made by the Government of the United States of America with such country. 2409 62 Stat., Pt. 1, p. 137. 62 Stat., Pt. 1,p. 137.
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