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and Norway, and the so-called Quadripartite Agreements of 19425 and 1943 5 between the Governments of the United States, the United Kingdom, and Norway, and the original charterers of a number of tankers.

7. General Waiver of Claims

(a) The two Governments hereby agree that all financial claims whatsoever of each Government against the other which

(i) have arisen or may hereafter arise out of lend-lease or reciprocal aid, or

(ii) otherwise have arisen or may hereafter arise out of incidents or transactions occurring on or after September 3, 1939 and prior to September 2, 1945 connected with or incidental to the conduct of World War II, which are not otherwise dealt with in this Agreement or in the Agreements of March 27, 1946 are hereby waived, notwithstanding paragraph 4 of the Agreement on Settlement of Intergovernmental Claims (Agreement II), whether or not the liability for payment was acknowledged and the method of computation mutually agreed.

(b) The two Governments hereby agree that all financial claims whatsoever of each Government against the other which have arisen or may hereafter arise out of the furnishing of supplies and services by the Armed Forces of either Government to the other during the period from September 2, 1945 to December 31, 1945 inclusive are settled under the offsetting arrangements set forth in this Agreement, as was contemplated in the provisions of Agreement I of March 27, 1946.

(c) The two Governments hereby agree that all financial claims whatsoever of the United States Army (including the Air Force) against the Government of the United Kingdom which have arisen or may hereafter arise out of the furnishing of supplies and services during the period from January 1, 1946 to March 1, 1946 inclusive are hereby waived.

8. Miscellaneous Provisions

(a) To the extent that provisions of this Agreement are inconsistent with any provisions of the specific agreements (Agreements I-IX) of March 27, 1946, or any other related previous agreements or arrangements between the two Governments, the provisions of this Agreement shall prevail. The specific agreements of March 27, 1946 and any other previous agreements or arrangements between the two Governments, except in so far as they are not consistent with the provisions of this Agreement, shall remain in full force and effect. (b) The provisions of this Agreement apply to the British Colonial De

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pendencies and their Governments as well as to the Government of the United Kingdom.

(c) Nothing in this Agreement affects the obligations of the Government of the United Kingdom in connection with silver transferred under lend-lease. (d) This Agreement shall take effect upon signature.

DONE at Washington in duplicate this twelfth day of July 1948.

For the Government of the United States of America:

G. C. MARSHALL

Secretary of State

of the United States of America

For the Government of the United Kingdom of Great Britain and Northern

Ireland:

OLIVER S. FRANKS

His Majesty's Ambassador Extraordinary and
Plenipotentiary to the United States of America

FINANCING OF EDUCATIONAL EXCHANGE

PROGRAM

Agreement and exchange of notes signed at London September 22, 1948
Entered into force September 22, 1948

Amended by agreement of February 25 and March 5, 1949 1

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Supplemented by agreements of January 20, 1950; 2 October 22, 1952;"
June 15, 1954; May 23, 1955;5 and September 22, 1958°
Terminated by agreement of May 10, 19651

62 Stat. 3577; Treaties and Other International Acts Series 1870

AGREEMENT BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND FOR THE USE OF FUNDS MADE AVAILABLE IN ACCORDANCE WITH THE TERMS OF THE JOINT STATEMENT REGARDING SETTLEMENT FOR LEND-LEASE, RECIPROCAL AID, SURPLUS WAR PROPERTY AND CLAIMS MADE BY THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND OF 6TH DECEMBER 1945

The Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Ireland,

Desiring to promote further mutual understanding between the peoples of the United States and of the United Kingdom and the Colonial Dependencies by a wider exchange of knowledge and professional talents;

Considering that Section 32 (b) of the United States Surplus Property Act of 1944, as amended by Public Law No. 584, 79th Congress, provides that the Secretary of State of the United States may enter into an agreement for certain educational activities with any foreign government for the use

1 TIAS 1916, post, p. 931.
21 UST 279; TIAS 2051.
3 UST 5156; TIAS 2709.
5 UST 1355; TIAS 3002.
56 UST 2075; TIAS 3276.
9 UST 1263; TIAS 4114.
'16 UST 758; TIAS 5806.
$60 Stat. 754.

of currencies or credits for currencies of such foreign government acquired as a result of surplus property disposals; and

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Considering that paragraph 6 of the Joint Statement Regarding Settlement for Lend-Lease, Reciprocal Aid, Surplus War Property and Claims made by the Government of the United States and the Government of the United Kingdom on 6th December, 1945 (hereinafter designated “the Joint Statement"), provides for acquisition by the Government of the United States from the Government of the United Kingdom of a sum in pounds sterling to an aggregate dollar value not in excess of $50,000,000 for the purpose, inter alia, of carrying out educational programmes in accordance with agreements to be concluded between the two Governments; Having accordingly agreed as follows:

ARTICLE 1

(a) There shall be established a joint Commission to be known as the United States Educational Commission in the United Kingdom (hereinafter designated "the Commission"), which shall be recognised by the Government of the United States and the Government of the United Kingdom as an organisation created and established to facilitate the administration of the educational programme to be financed by funds made available by the Government of the United Kingdom in accordance with the terms of the present Agreement.

(b) Except as provided in Article 5 hereof, the Commission in the exercise of its powers under the present Agreement shall be exempt from the domestic and local laws of the United States so far as they relate to the use and expenditure of currencies and credits for currencies.

ARTICLE 2

(a) Pursuant to the provisions of paragraph 6 of the Joint Statement, the Government of the United Kingdom, within 30 days from the date of signa ture of the present Agreement, shall make funds available for the purposes of the present Agreement by deposit in the United Kingdom in the name of the Treasurer of the United States a sum in pounds sterling equivalent to the sum of $1,000,000 in United States currency.1

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(b) The rate of exchange to be used in determining the sum in pounds sterling to be so deposited shall be the rate which, on the day of deposit, is available to the Government of the United States for its diplomatic and other similar official expenditures in the United Kingdom.

(c) The funds made available by the Government of the United Kingdom under paragraph (a) of this Article (hereinafter designated "the funds") shall be placed at the disposal of the Commission as required for the pur

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10 For an understanding relating to art. 2, para. (a), see exchange of notes, p. 910.

poses of the present Agreement by deposit in the United Kingdom in the name of the Treasurer of the Commission, or of such other employee of the Commission as it shall designate, in accounts with one or more banks to be selected by the Secretary of State of the United States.

(d) The funds shall be regarded in the United Kingdom as the property of a foreign government.

ARTICLE 3

Subject to the provisions of the present Agreement, the funds shall be used by the Commission for the purposes of

(a) financing studies, research, instruction, and other educational activities of or for citizens of the United States in schools and institutions of higher learning located in the United Kingdom or the Colonial Dependencies or of the citizens of the United Kingdom and Colonies in United States schools and institutions of higher learning located outside the continental United States, Hawaii, Alaska (including the Aleutian Islands), Puerto Rico, and the Virgin Islands, including payment for transportation, tuition, maintenance, and other expenses incidental to scholastic activities; or

(b) furnishing transportation for citizens of the United Kingdom and Colonies who desire to attend United States schools and institutions of higher learning in the continental United States, Hawaii, Alaska (including the Aleutian Islands), Puerto Rico, and the Virgin Islands, and whose attendance will not deprive citizens of the United States of an opportunity to attend such schools and institutions;

provided, however, that as regards expenditure on travel or education abroad the transfer of funds by the Commission shall be subject to the foreign exchange regulations in force from time to time in the United Kingdom or to such special conditions as may be agreed between the Commission and the United Kingdom authorities.

The attendance of citizens of the United States at schools and institutions of higher learning located in the United Kingdom or the Colonial Dependencies shall not deprive citizens of the United Kingdom and Colonies of an opportunity to attend such schools and institutions.

ARTICLE 4

The Commission may exercise all powers necessary for carrying out the above-mentioned purposes, including the following:

(a) Subject to the provisions of Articles 5 and 6, authorise the disbursement of the funds and the making of grants and advances therefrom. (b) Plan, adopt, and carry out programmes.

(c) Recommend to the Board of Foreign Scholarships, provided for in the United States Surplus Property Act of 1944 as amended, students, teachers, professors, research scholars, resident in the United Kingdom or the Colonial

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