4088 "Basle Agreement." Port, p . 4094. Period of extension. Additional funds. Salaries and ex- penses of field staff. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. EXTENSION AGREEMENT The Government of the Republic of Panama (hereinafter referred to as the "Republic"), represented by Manuel Varela Jr., the Minister of Education (hereinafter referred to as the "Minister"), and The Institute of Inter-American Affairs (hereinafter referred to as the "Institute"), a corporate instrumentality of the Government of the United States of America and successor to the Inter-American Edu- cational Foundation, Inc., (hereinafter referred to as the "Founda- tion"), represented by its Special Representative, Education Division, Ernest C. Jeppsen (hereinafter referred to as the "Special Represent- ative"), have agreed, pursuant to the request of the Republic, and in accordance with the note dated August 7, 1948, between the American Ambassador and the Panamanian Minister for Foreign Affairs,['] upon the following technical details for extending and modi- fying, in the manner hereinafter set forth, the Agreement executed by the Republic and the Foundation on February 25, 1946, (hereinafter referred to as the "Basic Agreement"), providing for a cooperative educational program to be carried on in Panama. CLAUSE I The cooperative educational program provided for in the Basic Agreement is hereby extended for an additional period of one year from June 30, 1948, through June 30, 1949. All activities which have been and are being carried out in accord- ance with the Basic Agreement by the parties concerned from June 30, 1948, to and including the effective date of this Extension Agree- ment are hereby ratified and approved in full. CLAUSE II In addition to the funds originally required by the Basic Agreement to be contributed or otherwise made available by the parties hereto with respect to the cooperative educational program, the parties hereto shall contribute and make available additional funds for use in con- tinuing the program during the period covered by this Extension Agreement in accordance with the following schedule: A. The Institute shall make available the funds necessary to pay the salaries and all other expenses of its field staff in Panama during the period covered by this Extension Agreement, pro- vided that the amount of such funds shall not exceed $41,199.00 . This amount shall be administered by the Institute and shall not be deposited to the credit of the Servicio Cooperativo Inter- americano de Educacion (hereinafter referred to as the "Ser- vicio"). Not printed.
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