NND Project Number: NND 63316. By: NWD Date: 2011
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the extent that such releases increase the total of counter-value receipts in support of the French military budgets for the calendar, years 1953 and 1954 above a franco amount equivalent, at the rate of exchange current at the time described below in this paragraph which has been or is to be made available in support of the French military budgets for the calendar years 1953 and 1954 from United States fiscal year 1952/53 and 1953/54 appropriations. The amount of this aid is $1,070 million, made up as follows:
(a) $485 million of assistance from United States fiscal year 1953/54* appropriations, composed of $400 million for Indo-China and $85 million for French forces under the command of the North Atlantic Treaty Organization
(b) $217.5 million of budget-supporting offshore procurement already effected from United States fiscal year 1952/53 appropriations;
(c) $367.5 million of defense support aid from United States fiscal year 1952/53 appropriations. The franc resources to be realized from this latter amount of aid will, of course, be net of the 10 percent counterpart set aside for the use of the United States Government. This net amount is calculated at $330.75 million. Thus when counterpart withdrawals for military purposes from the Special Account of the Crédit National in the two calendar years 1953 and 1954 taken together exceed the franc equivalent of $330.75 million computed at the rate of exchange at which the counterpart is deposited, additional accruals during the calendar year 1954 will be counted as a part of the amount of 135 billion francs of additional assistance described in this letter.
IV. In its memorandum of September 3, the French Government has estimated that during the calendar year 1954 the plans outlined in the aforementioned memorandum for increasing the forces of the Associated States will cost a total of 195 billion francs, of which it is planned that the Governments of the Associated States will finance 60 billion francs (the equivalent of 6 billion piasters at the present rate of exchange). On these assumptions
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