INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. Entry into force. 9. This Memorandum of Understanding shall enter into force upon the day it is signed. Valid languages. Done at Washington in quadruplicate in the English, French and Italian languages, each of which shall have equal validity, this 14th day of August, 1947. FOR THE GOVERNMENT OF FRANCE: FRANCIS LACOSTE FOR THE GOVERNMENT OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND: J. H. MAGOWAN FOR THE GOVERNMENT OF THE UNITED STATES OF AMERICA: ROBERT A LOVETT FOR THE GOVERNMENT OF ITALY: LOMBARDO ANNEX 1 Asset." For the purposes of this understanding the term "asset" as used herein refers, but not by way of limitation, to any real property or interest therein, enterprise (commercial, industrial, financial, or sci- entific), security or interest therein, corporate and contractual licenses and arrangements, insurance policies and reinsurance contracts, bank accounts and deposits, including trusteeship accounts, safe deposit boxes, vaults, checks, drafts, credits, gold and other precious metals, options and any other types of arrangements and undertakings, written or unwritten. ANNEX 2 Disputes. Any dispute concerning the interpretation or execution of this un- derstanding, which is not settled by direct diplomatic negotiations, shall be referred to a body composed of one representative each of the Governments of France, the United Kingdom of Great Britain and Northern Ireland, and the United States of America. Any such dis- pute not resolved by them within a period of two months shall, unless the parties to the dispute mutually agree upon another means of set- tlement, be referred at the request of either party to the dispute to a Commission composed of one representative of each party and a third member selected by mutual agreement of the two parties from na- tionals of a third country. Should the two parties fail to agree within a period of one month upon the appointment of the third member, the Secretary-General of the United Nations may be requested by either party to make the appointment. The decision of the majority of the members of the Commission shall be the decision of the Commis- sion, and shall be accepted by the parties as definitive and binding. 3294
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