INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [62 STAT. September 14, 1948 IT.I. A. S. 1812] 60 Stat.'754. 50 U. S.tC. app. 1641 (b). 60 Stat. 1794 . 60 Stat. 1791. 60 Stat. 1794. Agreement between the United States of America and New Zealand respecting a United States Educational Foundation in New Zealand. Signed at Wellington September 14, 1948; entered intoforce September 14, 1948. AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF NEW ZEALAND FOR THE USE OF FUNDS MADE AVAILABLE IN ACCORDANCE WITH THE AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF NEW ZEALAND ON SETTLEMENT FOR LEND-LEASE AND RECIPROCAL AID, SURPLUS WAR PROPERTY, AND CLAIMS, SIGNED AT WASHINGTON ON JULY 10, 1946. The Government of the United States of America and the Govern- ment of New Zealand; Desiring to promote further mutual understanding between the peoples of the United States of America and New Zealand by a wider exchange of knowledge and professional talents through educational contacts; Considering that Section 32(b) of the United States Surplus Prop- erty Act of 1944, as amended by Public Law No. 584, 79th Congress, provides that the Secretary of State of the United States of America may enter into an agreement with any foreign government for the use of currencies or credits for currencies of such foreign government ac- quired as a result of surplus property disposals for certain educational activities; and Considering that under the provisions of Section II of the Agree- ment between the Government of the United States of America and the Government of New Zealand on Settlement for Lend-Lease, Reciprocal Aid, Surplus War Property, and Claims, signed at Wash- ington on July 10, 1946 (hereinafter designated "the Settlement Agreement") it is provided that the Government of New Zealand, in consideration of the value of surplus noncombat lend-lease aircraft and related spares diverted to civilian use, and of other surplus property covered by the contract between the Government of the United States and the Government of New Zealand dated December 18, 1945, ['] as amended in the Settlement Agreement, and in order to further educational and cultural relationships between the two countries by means of scholarships or otherwise in a manner mutually agreeable, will pay to the Government of the United States the value of such aircraft and related spares and surplus property as provided in paragraphs 8 and 9 of the Settlement Agreement, by any of the 1Not printed. 2802
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