62 STAT.] PHILIPPINES-LEASE OF VESSELS--my 26 'Je 7' 194 to make and confirm such an agreement by an exchange of notes on the understanding that such action applies only to naval vessels covered by the proposed Charter and does not establish a precedent for future transfers that may be made of other vessels or of other equipment, which transfers in the absence of special agreements such as that pro- posed herein, would be guided by Article 5 of the Military Assistance Agreement. As soon as the competent authorities of Your Excellency's Govern- ment have had an opportunity to study the terms of the proposed Char- ter, which, it is hoped and believed, will be found acceptable in its present form, I shall be happy to receive your comments together with the decision of the Government of the Republic of the Philippines as to whether it desires to take title to the vessels in question. In the event that the decision of Your Excellency's Government is in the affirmative, it is suggested that this note and such affirmative reply be accepted as constituting an agreement to modify the provisions of Article 5 of the Military Assistance Agreement with respect to this particular transaction. Accept, Excellency, the renewed assurances of my highest consid- eration. EMMET O'NEAL Enclosure: Draft of proposed Charter. His Excellency ELPIDIO QUIINO, Secretary of ForeignAffairs for the Reptblic of the Philippines. [Enclosure] NAVAL CHARTER FOR LEASE OF VESSELS UNDER UNITED STATES PUBLIC LAW 454 79TH CONGRESS ['] In consideration of the mutual interest in matters of common defense, THE GOVERNMENT OF THE UNITED STATES (hereinafter re- ferred to as "the Owners") represented by the acting pur- suant to (1) the authority of and in compliance with United States Public Law 454, 79th Congress, 2nd Session, approved June 26, 1946, and of the directions of the President of the United States, (2) the agreement between the Government of the Republic of the Philip- pines and the Government of the United States of America on military assistance, dated March 21, 1947, and the related agreement as to military bases, and (3) the concurrence of the Secretary of State of the United States, hereby leases and the Government of the Republic of the Philippines (hereinafter referred to as "the Charterers") acting by and through -, hereby accepts for the period and upon the terms and conditions stated herein, the vessels (including ships, boats, barges, and floating drydocks) identified on lists annexed hereto, 1 The charter was completed and signed at Manila July 2, 1948. 3871 Applicationtonaval vessels only. 61 Stat., Pt. 3 p. 3284 . "Owners." 60 Stat. 316. 60 U. . C. app. §§ 1861-1866 . 61 Stat., Pt. 3, p. 3283 . "Charteers."
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