65
STAT.]
71
PUBLIC LAW 48—JUNE 15, 1951
be placed in any fnnds or accounts available for such purposes, and no interest shall be charged on advances made by the Treasury to the Reconstruction Finance Corporation for these purposes: Provided, That pursuant to agreements made between the Reconstruction Finance Corporation and the Department of Connnerce, the Reconstruction Finance Corporation shall be repaid without interest not later than June 30, 1952, for such advances either from funds hereafter made available to the Department of Commerce for the activation and operation of vessels or, notwithstanding the provisions of any other Act, from receipts from vessel operations: Provided further, That pending such repayment receipts from vessel operations may be placed in such funds or accounts and used for activating and operating vessels. SEC. 6. Notwithstanding any other provisions of law, the Administrator for Economic Cooperation is authorized to pay ocean freight charges from United States ports to designated ports of entry in India of relief packages and supplies under the provisions of section 117(c) of the Economic Cooperation Act of 1948, as amended, including the relief packages and supplies of the American Red Cross. Funds now or hereafter available during the period ending June 30, 1952, for furnishing assistance under the provisions of the Economic Cooperation Act of 1948, as amended, may be used to carry out the purposes of thi§ section. SEC. 7. (a) Any sums payable by the Government of India, under the interest terms agreed to between the Government of the United States and the Government of India, on or before January 1, 1957, as interest on the principal of any debt incurred under this Act, ancl not to exceed a total of $5,000,000, shall, when paid, be placed in a special deposit account in the Treasury of the United States, notwithstanding any other provisions of law, to remain available until expended. This account shall be available to the Department of State for the following uses: (1) Studies, instruction, technical training, and other educational activities in the United States and in its Territories or possessions {A) for students, professors, other academic persons, and technicians who are citizens of India, and (B) with the approval of appropriate agencies, institutions, or organizations in India, for students, professors, other academic persons, and technicians who are citizens of the United States to participate in similar activities in India, including in both cases travel expenses, tuition, subsistence and other allowances and expenses incident to such activities; and (2) The selection, purchase, and shipment of (A) American scientific, technical, and scholarly books and books of American literature for higher educational and research institutions of India, (B) American laboratory and technical equipment for higher education and research in India, and (C) the interchange of similar materials and equipment from India for higher education and research in the United States. (b) Funds made available in accordance with the provisions stated above may be used to defray costs of administering the program authorized herein. (c) Disbursements from the special deposit account shall be made by the Division of Disbursement of the Treasury Department, upon vouchers duly certified by the Secretary of State or by authorized certifying officers of the Department of Stat. Approved June 15, 1951.
Relief packages and supplies.
62 Stat. 153. 22 U.S.C. 5 1515.
Interest payments.
Uses. Educational activities.
Administrative penses.
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