630
PUBLIC LAWS-CH. 505-AUG. 24, 1949
[63 STAT.
[CHAPTER 505]
JOINT RESOLUTION
August 24, 1949
[S. J. Res. 3]
To provide that any future payments by the Republic of Finland on the principal
[Public Law 265]
or interest of its debt of the First World War to the United States shall be
used to provide educational and technical instruction and training in the United
States for citizens of Finland and American books and technical equipment
for institutions of higher education in Finland, and to provide opportunities
for American citizens to carry out academic and scientific enterprises in
Finland.
Whereas the Republic of Finland alone among our debtors of the
First World War has consistently made payments of principal and
interest toward the retirement of its indebtedness to the United
States; and
Whereas it is deemed proper, as an act of abiding friendship and good
will which the people of the United States hold for the people of
Finland, to provide that any further payments on its World War I
debt by the Republic of Finland shall be held in a special deposit
account for such use as will advance and strengthen the close ties of
friendship which bind together our two peoples: Now, therefore, be it
Resolved by the Senate and House of Representatives of the United
Finlan
war States of merica in Congress assembled, That any sums due or paid
Use of future war
o
an
debt payments.
on and after the date of enactment of this joint resolution by the
Republic of Finland to the United States as interest on or in retire-
ment of the principal of the debt incurred under the Act of February
40 Stat. 1161 .
25, 1919, as refunded by the agreement dated May 1, 1923, pursuant
42 stat. 363.
to authority contained in the Act of February 9, 1922, or of any other
indebtedness incurred by that republic and owing to the United
States as a result of World War I, shall be placed in a special deposit
account in the Treasury of the United States, to remain available until
Availability of expended. This account shall be available to the Department of State
to finance by contract, grant, or otherwise-
(a) studies, instruction, technical training, and other educational
activities in the United States and its Territories and possessions (1)
for students, professors, other academic persons, and technicians who
are citizens of the Republic of Finland and, (2) with the approval
of appropriate agencies, institutions, or organizations in Finland, for
students, professors, other academic persons, and technicians who are
citizens of the United States to participate in similar activities in
Finland, including in both cases travel expenses, tuition, subsistence,
and other allowances and expenses incident to such activities; and
(b) the selection, purchase, and shipment of (1) American scientific,
technical, and scholarly books and books of American literature for
higher educational and research institutions of Finland, and (2)
American laboratory and technical equipment for higher education
and research in Finland, and (3) the interchange of similar Finnish
materials and equipment for higher education and research in the
United States.
SEC. 2. The Secretary of State is hereby authorized to carry out
the purposes of this joint resolution in accordance with the appli-
22S
C., Supp.cable provisions of the United States Information and Educational
11, §§ 95 9 notes, Exchange Act of 1948 (Public Law 402, Eightieth Congress).
Disbrsement
SEC. 3 . Disbursements from the special deposit account shall be
made by the Division of Disbursement of the Treasury Department,
upon vouchers duly certified by the Secretary of State or by author-
ized certifying officers of the Department of State.
Approved August 24, 1949.
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