EGYPT Surplus Agricultural Commodities Agreement modifying the agreement of December 14, 1955, as supplemented. Effected by exchange of notes Signed at Washington February 17, 1956; Entered into force February 17, 1956. The Acting Secretary of State to the Egyptian Ambassador DEPARTMENT OF STATE February 17 1956 EXCELLENCY: I have the honor to refer to the request by your Government and to the conversations between representatives of our two Governments concerning the possibility of sales for Egyptian pounds of approximately 120,000 metric tons of United States wheat. It was contemplated that such sales would be in addition to those already agreed upon in the agreement under Title I, 70. 8. O. 1701- Public Law 480, entered into by our two Governments on December 14, 1955, as supplemented by the exchange of notes on Febru6 UST 5967; ante, p. ary 8, 1956, and would be subject to the applicable provisions of that agreement. 68 Stat. 455. 1709. TIAS 3439, 3496. 213. I have the honor to inform you that the United States Government agrees to undertake to finance such additional sales totalling $8.4 million worth of wheat (amounting to approximately the 120,000 metric tons requested) in accordance with the provisions of Article I of the December 14, 1955 agreement. The sum of $8.4 million includes transportation costs to be financed by the United States Government. The United States Government further agrees that the Egyptian pounds accruing to the Government of the United States as a consequence of these additional sales of wheat shall be used by the Government of the United States in accordance with Article II of the December 14, 1955 agreement, the Egyptian pound equivalent of $2.6 million to be used in accordance with paragraph 1(a) of Article II and the Egyptian pound equivalent of $5.8 million to be used in accordance with paragraph 1(b) of Article II. The remaining provisions of the agreement of December 14, 1955 shall apply equally with respect to these additional sales of wheat. If you concur in the foregoing, this note, and your Excellency's reply thereto, will constitute an agreement between our two Governments, effective upon receipt of your Excellency's reply, modifying the agreement of December 14, 1955 in the manner provided for herein. Accept, Excellency, the renewed assurances of my highest consideration. For the Acting Secretary of State: His Excellency Dr. AHMED HUSSEIN, GEO. V. ALLEN Ambassador of Egypt. The Egyptian Ambassador to the Acting Secretary of State EMBASSY OF EGYPT WASHINGTON, D. C. FEBRUARY 17, 1956 SIR: I have the honour to refer to your note dated February 17, 1956 regarding the request of my Government and conversations between representatives of our two Governments concerning the possibility of sales for Egyptian pounds of approximately 120,000 metric tons of United States wheat. As stated in that note, it was contemplated that such sales would be in addition to those already agreed upon in the agreement under Title I, Public Law 480, entered into by our two Governments on December 14, 1955, as supplemented by the exchange of notes on February 8, 1956, and would be subject to the applicable provisions of that agreement. In that note it is also stated that the United States Government agrees to undertake to finance such additional sales totalling $8.4 million worth of wheat (amounting to approximately the 120,000 metric tons requested) in accordance with the provisions of Article I of the December 14, 1955 agreement. The sum of $8.4 million includes transportation costs to be financed by the United States Government. The United States Government further agrees that the Egyptian pounds accruing to the Govern ment of the United States as a consequence of these additional sales of wheat shall be used by the Government of the United States in accordance with Article II of the December 14, 1955 agreement, the Egyptian pound equivalent of $2.6 million to be used in accordance with paragraph 1 (a) of Article II and the Egyptian pound equivalent of $5.8 million to be used in accordance with paragraph 1 (b) of Article II. The remaining provisions of the agreement of December 14, 1955 shall apply equally with respect to these additional sales of wheat. I have the honour to convey my concurrence in the foregoing and I confirm that your note of February 17, 1956 and my reply thereto will constitute an agreement between our two Governments, effective upon receipt of this reply, modifying the agreement of December 14, 1955 in the manner provided for herein. Accept, Sir the renewed assurances of my highest consideration. For the Ambassador of Egypt: The Honourable HERBERT HOOVER, Jr. Acting Secretary of State ANWAR NIAZI |