INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. MEMORANDUM OF AGREEMENT BETWEEN THE GOVERN- MENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF BELGIUM REGARDING THE PURCHASE OF BELGIAN FRANCS FOR USE BY THE UNITED STATES ARMED FORCES The Government of the United States of America and the Govern- ment of Belgium have agreed upon the following provisions, which shall supersede those provisions of any prior agreements which are inconsistent therewith: Purchase rate. 1 (a) All Belgian francs drawn from the Government of Belgium by the United States Armed Forces minus Belgian francs returned to the Government of Belgium and minus Belgian francs paid out for local procurement eligible for reciprocal aid will be purchased at the rate of 43.77325 francs to the dollar. (b) Except as provided in paragraph 1 (c) below, all Belgian francs required by the United States Armed Forces for use in Bel- gium and Luxembourg, in addition to those purchased as provided in paragraph 1 (a) above, will be purchased against payment of their counter-value in United States dollars from the Banque Nationale de Belgique, which shall make such francs available. cregi stac tio:en (c) The United States Armed Forces may accept Belgian francs from, and shall accept Belgian francs from none other than, members of the United States Armed Forces, and quasi-official organizations, agencies and personnel in and under the military establishment. The United States Armed Forces shall take all practical measures to avoid the acquisition of Belgian francs derived from non-official channels. UseofBeifranncs. 2. Belgian francs acquired by the United States Armed Forces may be used only for: (a) exchange of funds, and encashment of dollar instruments authorized by the United States Armed Forces, of troops and personnel in and under the military establishment, and (b) pro- curement of goods and services. etvedate. 3. This Memorandum of Agreement will be effective upon signature. Signed at Washington, in duplicate, this 24th day of September, 1946. 'FOR THE GOVERNMENT OF THE UNITED STATES OP AMERICA W. L. CLAYTON Acting Secretary of State JOSEPH J. O'CONNEML Jr Acting Secretary of the Treasury GEORGE J RICHARDS, Budget Ofleer for the War Department FOR THE GOVERNMENT OF BELGIUM SILVERCRUYS Ambassador of Belgium at Washington 3998
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