63,STAT.] NETHERLANDSrEQIUCATIOQAL, FOUNDATION-M4k, 17, 1949 The American Ambassador to the Netherlands Minister for Foreign Affairs AMERICAN EMBASSY. THE HAOUEt, 17h May 1949. YOUR EXCELLENCT, On signing today the Agreement fof the use of funds made avail- able in accordance with the Agreement made between the Government of the United States of America and the Government of the King- dom of the Netherlands regarding Settlement for Lend-Lease, Recip- rocal Aid, Surplus Property, Military Relief and Claims, signed at Washington on May 28, 1947, I have the honor to refer to the ex- change of letters during the months of June and July 1948 be- tween the Department of State and the Netherlands Embassy in Washington concerning the interpretation of paragraphs 1 and 2 of Article 12 of the aforesaid Agreement and pursuant thereto I here- with confirm that it is agreed that: Article 12, Paragraph 1: "Furniture, equipment, supplies, and any other articles intended for the official use of the Foundation" does not include such articles in- tended for personal use of members of the Board of Directors. Article 12, Paragraph 2: It is understood that the Foundation will be exempt from custom- duties, excises or surtaxes in all cases where such taxation is clearly distinguishable, such as import duties on imported goods. If goods are bought in the open market, excise and other indirect taxes will not be deducted from the purchase price when goods are bought. The Government of the United States of America acknowledges that administrative complications may be involved in the collection of refunds of indirect taxes. It however suggests that a procedure be established whereby refunds can be made upon presentation of suit- able documentation to the Netherlands Government. The Government of the United States of America understands that the Educational Foundation established under the Fulbright Agree- ment will itself not be taxed. No exemption will be made, however, of payment of registration dues, stamp duties, or notary fees in the case of sales of real property or leases thereof. I have the honor to agree that this Note, together with Your Ex- cellency's Note dated 17th May 1949, shall be considered as placing on record the formal agreement of the two Governments in this matter. I avail myself of this opportunity to renew to Your Excellency the assurances of my highest consideration. HERA^N B BABRUC Bis Excellency Dr. D.U . STRIER, . Royal Netherlands iniister for F.reign.Affairs, ,The sagwe,,,, 258 61 Stat., Pt. 4, p. 3924. t 'If
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