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EXCHANGE OF LETTERS AMENDING THE ECONOMIC COOPERATION AGREEMENT (AS AMENDED) BETWEEN THE GOVERNMENT OF THE UNITED STATES OF AMERICA AND THE GOVERNMENT OF THE FRENCH REPUBLIC SIGNED AT PARIS ON 28 JUNE 1948

22 May 1951

ENTRY INTO FORCE: 22 MAY 1951

The American Ambassador to the French Minister of Foreign Affairs

EMBASSY OF THE UNITED STATES OF AMERICA
Paris, May 22, 1951
No. 1407

MY DEAR MR. PRESIDENT:

I have the honor to refer to the conversations which have recently taken place between representatives of our two governments relating to the Economic Cooperation Agreement between the United States of America and France, signed at Paris on June 28, 1948, as heretofore amended, and to the enactment into law of Public Law 535, 81st Congress, amending the Economic Cooperation Act of 1948. I also have the honor to confirm the understandings reached as a result of these conversations:

1. The Government of France has expressed its adherence to the principles and policies of the Economic Cooperation Act of 1948, as heretofore amended.

2. Whenever reference is made in any of the articles of such Economic Cooperation Agreement to the Economic Cooperation Act of 1948, it shall be construed as meaning the Economic Cooperation Act of 1948, as heretofore amended.

3. Paragraph 6 of Article IV shall include expenditures in furtherance of any central institution or other organization formed by two or more participating countries to facilitate the development of transferability of European currencies or to promote liberalization of trade by participating countries with one another and with other countries.

4. The consultation referred to in Article III, paragraph 1, shall refer to all guaranties authorized under Section 111 (b) (3) of the Economic Cooperation Act of 1948, as heretofore amended.

Please accept, my dear Mr. President, the assurance of my highest consideration.

The French Minister of Foreign Affairs to the American Ambassador

MINISTERE DES AFFAIRES ETRANGERES
LIBERTE. EGALITE. FRATERNITE
REPUBLIQUE FRANCAISE

PARIS, le 22 mai 1951

MONSIEUR L'AMBASSADEUR,

Par lettre en date de ce jour vous avez bien voulu appeler mon attention sur certains amendements a la loi de cooperation economique de 1948.

J'ai l'honneur de vous faire savoir que le Gouvernement francais prend acte des modifications apportees a la legislation des Etats-Unis en matiere de cooperation economique par la loi no 535 du 81eme Congres des Etats-Unis d'Amerique amendant la loi de cooperation economique de 1948, et qu'il n'a pas d'objection, dans l'execution de l'accord bilateral signe a Paris le 28 juin 1948 entre la France et les Etats-Unis d'Amerique, a mettre immediatement en application les dispositions nouvelles indiquees dans votre communication precitee.

Je saisis cette occasion, Monsieur l'Ambassadeur, pour renouveler a votre Excellence, les assurances de ma haute consideration.

Translation

MINISTRY OF FOREIGN AFFAIRS
LIBERTY. EQUALITY. FRATERNITY
FRENCH REPUBLIC

PARIS, May 22, 1951

MR. AMBASSADOR,

In a letter dated today you were kind enough to draw my attention to certain amendments to the Economic Cooperation Act of 1948.

I have the honor to inform you that the French Government takes due note of the amendments to the United States legislation on economic cooperation made by Law No. 535, 81st Congress of the United States of America, amending the Economic Cooperation Act of 1948, and that it has no objection, in the execution of the bilateral agreement signed in Paris on June 28, 1948, between France and the United States of America, to putting into immediate effect the new provisions set forth in your aforementioned letter.

I take this opportunity, Mr. Ambassador, to renew to your Excellency the assurances of my high consideration.

SIGNATORIES:

DAVID BRUCE
His Excellency

ROBERT SCHUMAN,

Minister of Foreign Affairs,

Paris.

SCHUMAN
A Son Excellence l'Honorable D. K. BRUCE

Ambassadeur des Etats-Unis a Paris,

SCHUMAN
His Excellency the Honorable D. K. BRUCE

Ambassador of the United States at Paris