63 STAT.] VEN-ZUELA -HEALTH AND SANITATION-MAR. 4, 9, 1949 Clause 1 hereof and may provide for advance purchases of equip- ment or materials, and the advance purchases made in this respect shall be deducted from the payments due under the schedules. In addition to the funds required to be contributed by the Basic Agreement and this Extension Agreement, contributions of funds may be made by either or both parties, or by third parties for use in effectuating the cooperative health and sanitation program. "3. Any of the funds introduced into Venezuela by'the Institute for the purpose of the cooperative health and sanitation program shall be exempt from all forms of charges or taxes and currency control, and shall be converted into bolivars at the then current rate of exchange, but in any event at a rate of exchange not less than 3.33 bolivars per dollar. Similarly, where it may be necessary to convert bolivars into dollars for the financing of grants or for other expenditures in the United States of America, the conversion of bolivars into dollars shall be made at a rate of exchange not greater than 3.33 bolivars per dollar. "4. The Government of Venezuela recognizes the Institute of Inter-American Affairs as a dependency of the Government of the United States of America, wholly owned and directed by that Government. "5. Any funds received by the Oficina which remain unexpended or unassigned at the termination of the period covered by this Ex- tension Agreement, shall be returned to the Parties hereto in the proportion of the respective contributions made by the parties under the Basic Agreement and under clause 1 of this Extension Agreement. "6. The stipulations of the Basic Agreement and the successive Extension Agreements shall remain in effect in so far as they are not directly or indirectly contrary to that established in this present Agreement. "7. The Government undertakes to initiate the action necessary to put into effect the terms of this Extension Agreement. IN WITNESS WHEREOF, the parties hereto have caused this Exten- sion Agreement to be executed by their duly authorized representa- tives, in quintuplicate, in the Spanish and English languages, in Caracas, Venezuela, this 18 day of February, 1949." MINISTRY OF HEALTH AND THE INSTITUTE OF INTER- SOCIAL ASSISTANCE AMERICAN AFFAIRS By (s) ANToNIO M. ARAUJO By (s) JAMES D. CALDWELL (t) Antonio Martin Araujo (t) James D. Caldwell Minister Chief of Field Party I take pleasure in informing Your Excellency that the Government of the United States of America has agreed that this note and your reply in the same terms shall constitute a ratification and confirma- tion by the Governments of the United States of Venezuela and of the United States of America of the agreement signed between the 2697 Additional contri- butions. Exemption from charges, taxes, etc. Unexpended funds. 57Estat. 1126. Duration.
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