61 STAT.] ITALY-FINANCIAL AND ECONOMIC RELATIONS-AUG. 14,1947 4001 December 31, 1949, or for such time during that period that the vessels Saturnia and Vulcania are under Italian ownership and control, their operation will be continued subject to the rights and privileges of the Government of the United States of America as set forth in the afore- said aide memoire of January 8, 1947, and under arrangements sub- stantially similar to those currently applying to the M. V . Saturnia, subject to such modifications to these arrangements as may be agreed to in the light of existing conditions. Accept, Sir, the renewed assurances of my highest consideration. LOMBARDO Chief of the ItalianEconomic and FinancialDelegation The Honorable ROBERT A. LOVETT, Acting Secretary of State. The Acting Secretary of State to the Chief of the Italian Economic and FinancialDelegation DEPARTMENT OF STATE WASHINGTON August 14, 1947 SIR: I have the honor to acknowledge receipt of your note of this date, in the following terms: [Text same as in preceding note.] On behalf of my Government, I am pleased to accept the under- npeaton of saniur takings of the Government of Italy, as set forth in your note, with reference to the operation of the Italian passenger vessels Saturnia and Vulcania. At such time as your Government may wish to discuss modifications to the existing arrangements, appropriate officials of this Government will be prepared to enter into the necessary discussions. Accept, Sir, the renewed assurances of my highest consideration. ROBERT A LOVETT Acting Secretary of State The Honorable IVAN MATTEO LOMBARDO, Chief of the Italian Economic and Financial Delegation. The Acting Secretary of State to the Chief of the Italian Economic and Financial Delegation DEPARTMENT OF STATE WASHINGTON August 14,1947 SIR: I have the honor to refer to the "Memorandum of Understanding between the Government of the United States of America and the
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