F. FOOD AND AGRICULTURE ORGANIZATION 

 1. FISHERIES 



a. Agreement Relating to a Fund-in-Trust Grant to the FAO to 

 Supplement Activities Under the Off-Shore Fishery Develop- 

 ment Project for Viet-Nam, May 26, 1967* 



E-ffected hy exchange of notes Signed at Washington and Rome 

 May 26, 1967; Entered into force May £6, 1967. 



The Secretary of State to the Director-General of the Food and 

 Agriculture Organization 



Department of State 



Washington" 

 ' May 26,1967 

 Sir: 



I inform you that the Government of the United States is prepared 

 to grant funds to the Food and Agriculture Organization of the 

 United Nations (the FAO) under the Freedom from Hunger Cam- 

 paign as a Fund-in-Trust to be used for the purpose of supplementing 

 the activities envisaged under the Off-Shore Fishery Development 

 Project for Vietnam (the Project) approved by the Governing Council 

 of the United Nations Development Program in January 1967. 



The Government of the United States wishes to make this grant on 

 the following terms : 



1. Subject to the terms of this note and to the availability of funds, 

 the United States will contribute a total of up to $2,012,100 to the 

 Food and Agriculture Organization of the United Nations as a 

 Fund-in-Trust to be used solely for the following purposes : 



(a) to supplement, through appropriate subcontracting and pur- 

 chasing, and through the direct recruitment of an expert, the activities 

 envisaged under the Project in respect to fishing activities through 

 feasibilty studies, trawling off the coast of Vietnam, and provision of 

 a fishing vessel and equipment, as well as personnel, in accordance with 

 a work plan agreed between appropriate authoities of the U'nited 

 States Department of State and the FAO, and 



(b) to pay for the FAO's project service costs at the rate of 5% 

 of the amounts expended for the purposes of subsection (a) of this 

 paragraph. 



2. The total contribution shall be made in three installments. The 

 first installment shall be by letter of credit issued to the FAO in the 

 amount of $705,600 within thirty, days of the date of the FAO's 



"Citation: 18 UST 1618 ; TIAS 6304. 



(767) 



