| EXCHANGE OF NOTES BETWEEN THE GOVERNMENTS OF INDIA AND THE U.S.A. REGARDING COOPERATION THROUGH EDUCATIONAL CONTACTS New Delhi, 9 May and 29 July 1960 No. F.54(12)-AMS/60 29th July, 1960 The Ministry of External Affairs present their compliments to the Embassy of the United States of America and have the honour to refer
to their Note No. 693, dated the 9th May, 1960, which reads as follows : "The Embassy of the United States of America presents its compliments to the Ministry of External Affairs of the Government of
India and has the honor to refer to the Agreement between the United States of America and India dated February 2, 1950, as amended,
to promote further mutual understanding between the peoples of the United States and India by a wider exchange of knowledge and professional
talents through educational contacts. In view of the provision in the Surplus Agricultural Commodities Agreement between the United States of America and India signed on
August 29, 1956, as amended, making the currency of India accruing thereunder available for international educational exchange activities,
among other things, it is the desire of the Government of the United States of America to use an additional portion of such funds
for the purpose of the agreement of February, 1950, as amended. It is proposed therefore that Article 9 of the Agreement of February 2, 1950, as amended by the exchange' of notes dated January 30
and February 6, 1959, be further amended by : (a) deleting "$ 400,000" in the first sentence of the first paragraph and
inserting in lieu thereof S 1,000,000"; and (b) deleting the second paragraph and substituting in lieu thereof the following paragraph : "Subject to the annual limitation specified in the first paragraph of this article, the Government of the United States of America
and the Government of India agree that up to an aggregate amount of 29,401,000 Indian rupees acquired by the Govt. of the United
States of America pursuant to the Surplus Agricultural Commodities Agreement of August 29, 1956, as amended, may be used for the
purpose of this Agreement." Upon receipt of a note from the Ministry indicating that the foregoing is acceptable to the Government of India, the Government of
the United States of America will consider that this note and the Ministry's reply thereto constitute an agreement between the two
Governments on this subject, the agreement to enter into force on the date of the note in reply." 2. The Ministry have the honour to inform the Embassy that the Govt. of India agree to the proposed amendment and also to the suggestion
of the Embassy that their note and the Ministry's reply thereto constitute an agreement between the two Govts. on this subject. The
Agreement will be effective from the date of this note. The Ministry avail themselves of the opportunity to renew to the Embassy of the United States of America the assurances of their highest
consideration. [SEAL] The Embassy of the United States of America, New Delhi. | 