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Agreement between Canada and Czechoslovakia amending the Financial Agreement concluded between the two Countries on the 1st March 1945 [1945] CATSer 4 (26 June 1945)

E101367 - CTS 1945 No. 29

AGREEMENT BETWEEN CANADA AND CZECHOSLOVAKIA AMENDING THE FINANCIAL AGREEMENT CONCLUDED BETWEEN THE TWO COUNTRIES ON THE 1st MARCH 1945

Amending Agreement entered into at Ottawa, Canada, this 26th Day of June, 1945 between: The Minister of Finance of Canada, hereinafter referred to as "the Minister", of the First Part, and the Government of the Czechoslovak Republic,
represented by its Envoy Extraordinary and Minister Plenipotentiary to Canada, Dr. Frantisek Pavlasek, of the Second Part:

WHEREAS by agreement dated March 1, 1945, between the parties hereto the Minister agreed to give to the Government of the Czechoslovak Republic credit on the terms and subject to the conditions therein specified, of Fifteen Million Dollars, Canadian ($15,000,000), to enable the said Government to pay the cost of the Canadian-produced goods referred to in Schedule "A" thereto, which goods are to be purchased from exporters in Canada and exported by the said Government to Czechoslovakia; and

WHEREAS the said Government has requested the Minister to increase the said credit by Four Million Dollars, Canadian ($4,000,000), to enable the said Government to pay the cost of transporting the said goods from Canada to Czechoslovakia; and

WHEREAS the Minister has agreed that delivery and transportation charges beyond Canada should, in this case, be included in the cost of the Canadian-produced goods to be purchased by the said Government and should be paid out of the proceeds of the said credit; and

WHEREAS by Order in Council P.C. 4489, dated the 22nd day of June, 1945, the Minister has been duly authorized under the Export Credits Insurance Act to make the additional loan hereinafter referred to on behalf of the Government of Canada.

NOW THEREFORE THIS AGREEMENT WITNESSETH that in con­sideration of the undertaking of the Government of the Czechoslovak Republic to utilize the proceeds of the additional loan hereinafter provided in paying the cost of Canadian-produced goods purchased from exporters in Canada, for export to Czechoslovakia, and of the mutual covenants hereinafter contained, it is hereby agreed as follows:

1. The Minister agrees to give to the Government of the Czechoslovak Republic credit, on the same terms and subject to the same conditions as those specified in an agreement dated March 1, 1945, between the Minister and the said Government, of Four Million Dollars, Canadian ($4,000,000), in addition to the credit granted under the said agreement to enable the said Government to pay the cost of the Canadian-produced goods referred to in Schedule "A" to the said agreement, which goods are to be purchased from exporters in Canada and exported by the said Government to Czechoslovakia;

2. The parties hereto agree that the said additional credit shall be added to the credit granted by the Minister under the agreement of March 1, 1945, and the said agreement shall, accordingly, be deemed to be amended by deleting the words and figures "Fifteen Million Dollars, Canadian ($15,000,000)" where they occur in clauses 1 and 3 thereof, and substituting therefore "Nineteen Million Dollars, Canadian ($19,000,000)", and that the said agreement as amended shall apply to the total credit of Nineteen Million Dollars, Canadian ($19,000,000).

IN WITNESS WHEREOF the Parties hereto have caused these presents to be signed on the day and in the year first above written.

J. L. Ilsley

MINISTER OF FINANCE OF CANADA

Frantisek Pavlasek

FOR THE GOVERNMENT OF CZECHOSLOVAK REPUBLIC

WITNESS:

J. Ross Tolmie
R. B. Bryce