* foster monopolistic control whenever such practic:

INo, 1819} . 4

- 8. The Government of Portugal will take the measures which it
deems appropriate, and will cooperate with other participating coun-
tries, to prevent, on the part of private or public commercial enter.
prises, business practices or business arrangements affecting interna-
tional trade which restrain competition, limit access tt markets or
S Or arrangements
have the effect of interforing with the achievement of the joint pro-
gram of European recovery.

Article TIT
(Guaranties)

1, The Governments of the United States of America and Portugal
will, upon the request of either Government, consult respecting proj-
ects in Portugal proposed by nationals of the United States of America
‘and with regard to which the Government of the United States of
America may appropriately make guaranties’ of currency transfer
under section 111(b) (3) of the Economic Cooperation Act of 1948.

2. The Government. of Portugal agrees that if the Government of
the United States of America makes payment in United Staves dollar:
to any person under such a guaranty, any escudos, or credits in
cudos, assigned or transferred to the Government cf the United St
of America pursuant to that section shall be recognized as property
of the Government of the United States of America.

Article IV

(Access to Materials)

1. The Government of Portugal will facilitate the transfer to the
United States of America, for stockpiling or other purposes, of materials
originating in Portugal which are required by the United States cf
America as a result of deficiencies or potential deficiencies in its own
yesourees, upon such reasonable terms of sale, exchange, barter or
otherwise, and in such quantitics, and for such period of time, as may
be agreed to between the Gevernmenis of the Uniied States of America
and Portugal, after due regard for the reasonable requirements of
Portugal for domestic use and commercial export of such materials.
The Government of Portugal will take such specific measures as may
be necessary to carry out the provisions of this paragraph, including
the promotion of the increased production of such materials within
Portugal, and the removal of any hindrances to the transfer of such
materials to the United States of America. The Government of
Portugal will, when so requested by the Government, of the Unite
States of America, enter into negotiations for detailed arrangements
necessary to carry out tho provisions of this paragraph.

SYR 2 WTNH: EO PLY RTS ET LONE TI ARE VI eC CIT I ASPET VE BH

Linste RAMEN EO MneT TR:



TREATIES

ND OTHER INTERNATIONAL AC SERIES 2826

ECONOMIC COOPERATION

Agreement between the
Unitep States or AMERICA

and PorTUGAL

Amending Agreement of September 28,
1948, as Amended

@ Effected by Exchange of Notes
Signed at Washington May 22
and 25. 1953

@ Entered into force May 26, 1953



Fam

TABATIES AND OTHER INFERNATIONAL ACTS SERIES 1819

ae

ECONOMIC COOPERATION
WITH PORTUGAL

Under Public Law 472—80th Congress

Poh Se es ae

Agreement Between the
UNITED STATES OF AMERICA
and PORTUGAL

© Signed at Lishon September 28, 1918

@ Entered into Force September 28, 1948

bye soni



TIAS 2826 2

from any source other than the Government of the United State=
of America;

b. That escudo amounts acquired by the Government of the United
States of America pursuant to such guaranties shall be accorded
treatment not less favorable than that accorded, at the time of
such acquisition, to private funds arising from transactivn: of
United States nationals which are comparable to the transaci
covered by such guaranties, and that such escudo amounts will
be freely available to the Government of the United States of
America for administrative expenditures in Portugal.

c, That any claim against the Government of Portugal to which
the Government of the United States of America may be subro-
gated as the result of any payment under such a guaranty, shal]
be the subject of direct negotiations between the two Covern-
ments. If, within a reasonable period, they are unable to settle
the claim by agreement, it shall be referred for final and binding
determination to a sole arbitrator selected by mutual agreement.
If the Governments ave unable, within a period of three months,
to agree upon such selection, the arbitrator shall be one who may
be designated by the President of the International Court of
Justice at the request of either Government.

If this proposal is acceptable to the Government of Portugul. it is
suggested that you reply by note. This note, together with such rey
will constitute an agreement between our two Governments on th
subject, the agreement to enter into force on the date of receipt of
your reply note.[?]

Accept, Excellency, the renewed assurances of my highest consider-
ation.

For the Acting Secretary of Staie:
Layineston T. Merciayr
His Excellency
Senhor Luis Esreves Frrnanves,
-Ambassudor of Portugal.

* May 26, 1953.


The Acting Secretary of State tv the Portuguese Ambassudur

Department or Sate
WasHINGTon
May 22, 1953.

Excetiency:

I have the honor to refer to the conversations which have recently
taken place between representatives of our two Governments relating
to Article III of the Economic Cvoperation Agreement between the
United States of America and Portugal, signed at Lisbon, on Septem-
her 28, 1948,[*] as heretofore amended or supplemented.[?] As a
consequence of those conversations, the Government of the United
States of America proposes the following agreement to the Govern-
ment of Portugal:

The Governments of Portugal and of the United States of America
will, upon the request of either of them, consult respecting projects
in Portugal proposed by nationals of the United States of America
with regard to which guaranties under Section 111 (b) (8) of the
Economic Cooperation Act of 1948, as heretofore amended,[*] have
been made or are under consideration, with respect to such guaranties
extending to projects which are approved by the Government of
Portugal in accordance with the provisions of the aforesaid Section,
the Government of Portugal agrees:

a. That if the Government of the United States of America makes
payment in United States dollars to any person under an)
guaranty, the Government of Portugal will recognize the
fer to the United States of America of any right, title or interest
of such person in assets, currency, credits, or other property on
account of which such payment was made and the subrogation
of the United States of America to any claim or cause of action
of such person arising in connection therewith. The Govern-
ment of Portugal shall also recognize any transfer to the Govern-
ment of the United States of America pursuant to such guaranty
of any compensation for loss covered by such guaranties received

‘Treaties and Other International Acts Series 1819; 62 Stat., pt. 3. p. 2859.
? TIAS 2033 ; 1 UST 169; TIAS 2279; 2 UST 1298; and TIAS 2801.
*62 Stat. 144: 22 U.S. C. § 1509 (b) (3).

39890—54 qd)


TIAS 2826 4

the time of such acquisition, to private funds arising from
transactions of United States nationals which are comparable
to the transactions covered by such guaranties, and that such
escudo amounts will be freely available to the Government of
the United States of America for administrative expenditures
in Portugal.

ce. That any claim against the Government of Portugal to which
the Government of the United States of America may be sub-
rogated as the result of any payment under such a guaranty,
shall be the subject of direct negotiations between the two
Governments. If, within a reasonable period, they are unable
to settle the claim by agreement, it shall be referred for final
and binding determination to a sole arbitrator selected by
mutual agreement. If the Governments are unable, within
a period of three months, to agree upon such selection, the
aribtrator shall be one who may be designated by the President
of the International Court of Justice at the request of either
Government.

If this proposal is acceptable to the Government of Portugal, it
is suggested that you reply by note. This note, together with such
reply will constitute an agreement between our two Governments
on this subject, the agreement to enter into force on the date of
receipt of your reply note.”

I have the honor to state that the (rovernnent of Portugal accepts
the proposed agreement as outlined in your above-mentioned note and
considers that your note and this reply constitute an agreement be-
tween the two Governments on this subject, the agreement to enter
into force on the date of receipt of this reply note.

Accept, Excellency, the renewed assurances of my hiyhest
consideration.

L. Esreves Fernanvex

‘The Honorable
Wa ter Bepett Suiry
The Acting Secretary of State
ete. etc. ete.

U8, GuveawaenT Pe



TREATIES AND OTHER INTERNATIONAL ACTS SERIES 8977

INVESTMENT GUARANTIES

Agreement Between the
Unrrep States or AMERICA
and PorTUuGAL

Resuming and Interpreting
the Agreement of May 22 and 25, 1953

Effected by Exchange of Notes
Signed at Lisbon October 31
and November 10, 1977



r

No. 1819} 2

its adherence to the purposes and policies of the Economic Coopera-
tion Act of 1948;

Desiring to set forth the understandings which govern the furnish-
ing of assistance by the Government of the United States of America
under the Economic Cooperation Act of 1948, the receipt of such
assistance by Portugal, and the measures which the two Governments
will take individually and together in furthering the recovery of
Portugal as an integral part of the joint program for European
recovery;

Have agreed as follows:

Article I

(Assistance and Cooperation)

1. The Government of the United States of America undertakes to
cooperate with the Government of Portugal in furthering the purposes
set forth in the Preamble by facilitating the acquisition by Portugal
of such commodities as it may require from the United States of
America in crrrying out the joint prograra for European recovery,
and as may be agreed from time to time by the twe Governments,
This undertaking on the part of the Government of the United States
of Amcrica is subject to all the terms, conditions and termination
provisions of the Economic Cooperation Act of 1948, acts amendatory
and supplementary thereto and appropriation acts thereunder,

2. The Government of Portugal, acting individually and through
the Organization for European Economic Coopcration consistently
with the Convention fov European Economic Cooperation signed at
Paris on April 16, 1948, will exert sustained efforts in common with
other participating countries speedily to achieve through a joint
recovery program economic conditions in Europe essential to lasting
peace and prosperity and to enable the countries of Europe partici-
pating in such a joint recovery program to become independent
of extraordinary outside economic assistance within the period of this
Agreement. The Government of Portugal reaffirms its intention to
take action to carry out the provisions of the General Obligation
of the Convention for Europexn Economic Cooperation, to continue
to participate actively in the work of the Organization for European
Economic Cooperation, and to continue to adhere to the purposes
and policies of the Economie Cooperation Act of 1948.

3. With respect to assistance furnished by the Government of the
United States of America to Portugal and procured from areas
outside the United States of America, its territories and pos ions,
the Government of Portugal will cooperate with the Government
of the United States of America in ensuring that procurement will be
effected at reasonable prices and on reasonable terms and so as to

(neh THAN SAFES TOT ET TN IIR eS en ARBRE RENE IEG



Neasd

Raeah

i

ECONOMIC COOPERATION AGREEMENT BETWEEN THE

UNITED STATES OF AMERICA AND PORTUGAL
Preamble

The Governments of the United Stotes of America and Portugal:

Recognizing that the restoration or maintenance in European
countries of principles of individual liberty, free institutions, and
genuine independence rests lergely upen the establishment of sound
economic conditions, stable international economic relationships, and
the achievement by the countries of Europe of a healthy economy
independent of extraordinary outside assistance;

Recognizing that a strong and prosperous European economy is
essential for the attainment of the purposes of the United Nations;

Considcring that the achievement of such conditions calls for a
European recovery plan of self-help and mutual cooperation, open to
all nations which cooperate in such a plan, based upon a strong pro-
duction effort, the expansion of foreign trade, the creation or mainte-
nance of internal financial stability and the development of economic
cooperation, including all possible steps to establish and_mainta‘a
valid rates of exchange and to reduce trade barriers;

Considering that in furtherance of these principles the Government
of Portugal has joined with other like-minded nations in a Convention
for European Economic Cooperation signed at Paris on April 16,
1948[] under which the signatorics of that Convention agreed to
undertake as their immediate task the claboration and execution of
& joint recovery program, and that the Government of Portugal is a
member of the Organization for European Economic Cooperation
created pursuant to the provisions of that Convention;

Considering also that, in furtherance of these principles the Govern-
ment of the United States of America has enacted the Economic
Cooperation Act of 1948, ?] providing for the furnishing of assistance
by the United States of Aincrica to nations participating in a joint
program for European recovery, in order to enable such nations through
their own individual and concerted efforts to become independent of
extraordinary outside economic assistance;

Taking note that the Government of Portugal has already expressed

! Departinent of State publicution 3145.
* Public Law 472, 80th Cong., post, pp. 24 ff

q@



3 TIAS 2826

Lhe Portuguese Ambassador to the Acting Secretary of State

Porrvueurse Empassy

WasHINGTon
Proc. 12 .
Noo. 22 May 25, 1953
Excetnency :

T have the honor to acknowledge the receipt of your note of May 22,
1958, reading as follows:

“I have the honor to refer to the conversations which have re-
cently taken place between representatives of our two Governments
relating to Article ITI of the Economic Cooperation Agreement
between the United States of America and Portugal, signed at Lis-
bon, on September 28, 1948, as heretofore amended or supplemented.
ais a consequence of those conversations, the Government of the
United States of America proposes the following agreement to the
Government of Portugal:

The Governments of Portugal and of the United States of Amer-
ica will, upon the request of either of them, consult respecting
projects in Portugal proposed by nationals of the United States of
America with regard to which guaranties under Section 111 (b) (3)
of the Economic Cooperation Act of 1948, as heretofore amended
have been made or are under consideration, with respect to such
guaranties extending to projects which are approved by the Gov-
ernment of Portugal in accordance with the provisions of the
aforesaid Section, the Government of Portugal agrees:

a. That if the Government of the United States of America
makes payment in United States dollars to any person under
any such guaranty, the Government of Portugal will recognize
the transfer to the United States of America of any right,
title or interest of such person in assets, currency, credits,
or other property on account of which such payment was made
and the subrogation of the United States of America to any
claim or cause of action of such person arising in connection
therewith. The Government of Portugal shall also recognize
any transfer to the Government of the United States of
America pursuant to such guaranty of any compensation for
loss covered by such guaranties received from any source other
than the Government oi the United States of America;

b, That escudo amounts acquired by the Government of the
United States of America pursuant to such guaranties shall be
accorded treatment not less favorable than that accorded, at



3

“Tf this proposal and understanding is acceptable to the Gov-
ernment of Portugal, it is suggested that you reply by note.”

Em resposta, tenho a honra de informar de que o Governo por-
tugués dé a sua concorddéncia & proposta de V.Exa. constituindo a
Nota de V.Exa. em referéncia e a presente Nota um acordo entre os
nossos dois Governos.

Queira aceitar, Exceléncia, os protestos da minha mais elevada
consideragdo.

MAnrio Soares
Sua Exceléncia
Franx C. Carnuccr
Embaizador dos Estados Unidos da América
Lisboa

Translation

MINISTRY OF FOREIGN AFFAIRS
OFFICE OF THE MINISTER

No. 5396 Lisson, November 10, 1977

EXcELLENCY:

I have the honor to acknowledge receipt of Note No. 275 of Octo-
ber 31, 1977, the text of which reads as follows:

[For the English language text, see pp. 2-3.]

In reply, I have the honor to advise that, inasmuch as the Portu-
guese Government concurs in Your Excellency’s proposal, Your
Excellency’s note as cited above and this note constitute an agree-
ment between our two Governments.

Accept, Excellency, the assurances of my highest consideration.

MArro Soargs

His Excellency
Franx C. Caruucct,
Ambassador of the United States of America,
Lisbon.

TIAS Satz

U.S. GOVERNMENT PRINTING OFFICE: 1978


ke

tak

No. 1810} 8

2, The Governments of the United States of Ami; ,
further agree that such claims may be referred, in liv, . -
any arbitral tribunal mutually agreed upon.

3. It is further understood that neither Governm:-
claim pursuant to this Article until its national}...
remrdies available to him in the adr .inistrative and ;
of the country in which the claim arose.

4. The provisions of this Article shall be in al! -
prejudice to other rights of access, if any, of eithe: 1
the International Court of Justice or other arbitral:
espousal and presentation of claims based upon 4!
either Government of rights and duties arising und-:
ments or principles of internationel law.

Article X
(Definitions)

As used in this Agreement:

a) Portugal means the Republic of Portugal, {in:'
Islands and the Madeira Islands) together with
under its administration, including the Cape Ve
Guese Guinca( the fortress of Sao Joao Baptista d
and Principe, Angola, Mozambique, Portugue
Goa, Damao, Diu), Macao and Portuguese Timor.

b) The term “participating country” means

() any country which signed the Report of *'
European Economic Cooperation at Paris -

1947, and territories for whict h Y
sibility and to which the Economic Con
concluded between that country and the '
United States of America has been appl»

Gi) any other country (including any of the 7
of Germany, and areas under internat:
or control, and the Free Territory of Tr
zones) wholly or partly in Europe, toget!-
areas under its administration

for so long as such country is a party to the Conve
Economie Cooperation and adheres to a joint 7+
recovery designed to accomplish the purposes «!



ss

ade a
squer
3 da

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jo do:
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éncia
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igués,
Jcom
tzar
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livos

15 [No, 1819]

3. O Governo Portugués tomaré os medidas que julgar apropriadas
e cooperaré com outros pafses participantes no sentido de evitar da
parte de empresas comerciais piblicas ou privadas, priticas ou
entendimentos de natureza comercial, que afectando o corércio
internacional, entravem a concorréncia, restrinjam o acesso aos
mercados ou auxiliem a fisealizagio com cardct-r de monopdlio, em
todos os casos em que tais préticas ou entendimentos vao interferir
na consecugdo do programa comum de recuperacdo europeia.

Artico III
(Garantias)

1. O Governo dos Estados Unidos da América e 0 Governo Portu-
gués consultar-se-do, a pedido de qualquer das duas partes, sobre os
projectos apresentados em Portugal por subditos dos Estados Unidos
da América, e Acerca dos quais 0 mesmo Governo dos Estados
Unidos da América pode consequentemente nos iermos da secg&o III
(b) (3) da Lei de Cooperagac Econémica de 1948 conceder garantias
de transferéncia de fundos.

2. O Governo Portugués concorda em que, se o Governo dos Estados
Unidos da América efectuar pagamentos em dolares americanos a
qualquer pessoa, a0 abrigo das garantias acima indicadas, os escudos
ou créditos em escudos, destinados ou transferidos para-o Governo
dos Estados Unidos da América em conseyuéncia do disposto naquela
secgao, seréo reconhecidos como propriedade do Governo dos Estados
Unidos da América.

Axrtreo IV

(Possibi

1. Com o fim da constituigfio de “stocks” ou qualquer outro, o
Governo Portugués facilitaré a transferéncia para os Estados Unidos
da América de produtos origindrios de Portugal de que os Estados
Unidos tenham necessidade motivada pela insuficiéncia efe:
eventual dos seus préprios recursos, em condigées razociveis de venda,
de cfimbio, de troca ou outras, durante um pericdo ¢ em quantidades
a determinar, de comum acordo entre o Governo Portugués e o
Governo dos Estados Unidos da América, tendo em conta as neces-
sidades razoaveis de Portugal no que diz respeito a0 consumo interno
© ao comércio de exportagio desses produtos. O Governo Portugué
tomara as medidas apropriadas que se tornem necessiitias 2 execugio
das disposigées deste partigrafo, incluindo o fomento da produgdo
em Portugal desses produtos ¢ a supressiie de todos os obstaculos que
se oponham 4 sua transferénein para os Estados Unidos da America,

idade de aquisigao de certos produtos)

ctiva ow



2

If this proposal and understanding is acceptable to the Government
of Portugal, it is suggested that you reply by note.
Accept, Excellency, the assurances of my highest consideration.

Frank C, Caruucct

His Excellency
Dr. Marto Soargs,
Minister of Foreign Affairs,
Republic of Portugal,
Lisbon.

The Portuguese Minister of Foreign Affairs to the American
Ambassador

MINSITERIO DOS NEGOCIOS ESTRANGEIROS
GABINETE DO MINISTRO

5396 Liszoa, 10 de Novembro de 1977

Exce.éncia

Tenho a honra de acusar a recepgao da Nota n? 275, de 31 de Outubro
ultimo, do seguinte teor:

“T have the honor to refer to the agreement effected by the ex-
change of notes on May 22 and 25, 1953, between our two govern-
ments on the subject of United States Government investment
insurance and guaranties.

“The United States Government is pleased to advise that if your
government agrees, the United States investment incentive pro-
grams which are authorized by the aforementioned agreement and
which are now administered by the Overseas Private Investment
Corporation can be resumed in connection with activities authorized
by the competent Portuguese authorities.

“My government is pleased to advise, further, that it does not
interpret the provisions of the aforementioned agreement relating
to subrogation of the United States of America to imply an admis-
sion that the Government of Portugal is responsible in the amount
paid under such insurance or guaranties. Rather, it is the under-
standing of my government that the amount of liability of the
Government of Portugal, if any, with respect to any claim to which
the Government of the United States of America might be subro-
gated pursuant to subparagraph A of said agreement would be
based on the laws of Portugal, on applicable international law or
agreements and on the terms of any arrangements or agreements
entered into by the Government of Portugal involving the invest-
ment to which the claim relates.

TIAS 8977


PORTUGAL

Investment Guaranties

Agreement resuming and interpreting the agreement of May 22
and 25, 1953.

Effected by exchange of notes

Signed at Lisbon October 31 and November 10, 1977;

Entered into force November 10, 1977.

The American Ambassador to the Portuguese Minister of Foreign Affairs

EMBASSY OF THE
UNITED STATES OF AMERICA

No. 275 Lisson, October 31, 1977

Exce.ieNncy:

T have the honor to refer to the agreement effected by the exchange
of notes on May 22 and 25, 1953,['] between our two governments on
the subject of United States Government investment insurance and
guaranties.

The United States Government is pleased to advise that if your
government agrees, the United States investment incentive programs
which are authorized by the aforementioned agreement and which
are now administered by the Overseas Private Investment Corpora-
tion can be resumed in connection with activities authorized by the
competent Portuguese authorities.

My government is pleased to advise, further, that it does not inter-
pret the provisions of the aforementioned agreement relating to sub-
rogration of the United States of America to imply an admission that
the Government of Portugal is responsible in the amount paid under
such insurance or guaranties. Rather, it is the understanding of my
government that the amount of liability of the Government of Por-
tugal, if any, with respect to any claim to which the Government of
the United States of America might be subrogated pursuant to sub-
paragraph A of said agreement would be based on the laws of Portugal,
on applicable international law or agreements and on the terms of any ~
arrangements or agreements entered into by the Government of
Portugal involving the investment to which the claim relates.

1 TIAS 2826; 4 UST 1596.

33-355—78 (1) TIAS 8977



wd

3 , UNo, 18191

arrange that the dollars thereby made available to the country from
which the assistance is procured are used in a manner consistent with
any arrangements made by the Government of the United States
of America with such country.

Article IT
(General Undertakings)

1. In order to achieve the maximum recovery througl: the employ-
ment of assistance received from the Government of the United
States of America, the Governnicnt of Portugal will use its best
endeavors:
a) to adopt or maintain the measures necessary to ensure
efficient and practical use of all the resources available to
it, including
(i) such measures as may be necessary to ensure that the
commodities and services obtained with assistance fur-
nished under this Agreement are used for purposes
consistent with this Agreement and, as far as practicable,
with the general purposes outlined in the schedules
furnished by the Government of Portugal in support
of the requirements of assistance to be furnished by the
Government of the United States of America; and

Gi) the observation and review of the use of such resources
through an effective follow-up system epproved by the
Organization for European Economie Cooperation;

b) to promote the development of industrial and agricultural
production on a sound economic basis; to achieve such
production targets as may be established through the
Organization for European Economic Cooperation;

¢) to cooperate with other participating countries in facilitating
and siimulating an increasing interchange ci goods and
services among the participating countries and with other
countries and in reducing public and private barriers to
trade among themselves and with other countries.

2. Taking into account Article 8 of the Convention for European
Economic Cooperation looking toward the full and effective use of
manpower available in the pactivipating countries, the Government
of Portugal will accord sympathetic consideration to proposals mado
in conjunction with the Internationnl Refugee Organization directed
to the largest. practicable utilization of manpower available in any of
the participating countries in furtherance of the accomplishment of
the purposes of this Agreement. :

cee Aan

\
i



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thu-
ome
sing

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n=
sent
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tion
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tenn
ean,

ae)

9 {No. 1819}

te Article XI

(Entry into Force, Amendment, Duration)

1, This Agreement shall become effective on this day’s date. Sub-
ject to the provisions of paragraphs 2 and 3 of this Article, it shall
remain in force until June 30, 1953, and, unless at least six months
before June 30, 1953, either Government shall have given notice in
writing to the oth. r of intention to terminate the Agreement on that
date, it shall remain in force thereafter until the expiratioa of six
months from the date on which such notice shall have been given.

2. If, during the life of this Agreement, either Government should
consider there has been a fundamental change in the basic assump-
tions underlying this Agreement, it shall so notify the other Govern-
ment in writing and the two Governments wii] thereu,-on consult with
a view to agrecing upon the amendment, modification or termination
of this Agreement. If, after three months from such notification, the
two Governments have not agrced upon the action to be taken in the
circumstances, either Government may give notico in writing to the
other of intention to terminate this Agreement. Then, subject to
the provisions of paragraph 3 of this Article, this Agreement shall
terminate six months after the date of such notice of intention to
terminate; provided, however, that Article 1V and paragraph 3 of
Article VI shail remain in effect until two years after the date of such
notice of intention to terminate, but not later than June 30, 1953.

3. Subsidiary agreements and arrangements negotiated pursuant
to this Agreement may remain in force beyond the date of termination
of this Agreement and the period of effectiveness of such subsidiary
agreements and arrangements shall be governed by their own terms.
Paragraph 2 of Article IIT shall reniain in effect for so long as the
guaranty payments referred to in that Article may be made by the
Government of the United States of America.

4. This Agreement may be amended at any time by agreement
between the two Governments.

5. The Annex to this Agreement forms an integral part thercof.

6. This Agreement shall be registered with the Secretary-~General
of the United Nations.

In wirness wHentor the respective representatives, duly author-
ized for the purpose, have signed the present Agreement.

Done at Lisbon, in duplicate, in the English and Portugueso
languages, both texts authentic, this 28th day of September, 1948.

[sear] Lixcorn MacVuacu
[seat] José Carino pa Marra