New Delhi, 24 January 1975
GOVERNMENT
OF INDIA Ministry of Finance,
Department
of Economic Affairs
D.O.No.I(3)-PL.480/74
New Delhi, January 24, 1975
DEAR MR. SCHNEIDER,
I
refer to the Land Lease Settlement Agreement between our two Governments
signed at Washington on May 16, 1946, as amended, and to subsequent
discussions thereon, and propose the following understandings :
1.
The Government of India proposes to credit within 30 days an amount of Rs.
14 million to the Rupee Account of the United States Government
maintained within the Public Account of the Government of India at the
Reserve Bank of India; and
2.
Such credit shall constitute fulfilment of all obligations. of the
Government of India under the said Land Lease Settlement Agreement.
I
propose that, if these understandings are acceptable to your Government,
this letter and your reply concurring therein shall constitute an
Agreement between our two Governments, effective on the date of your
reply.
Yours
sincerely,
Sd/-
Mr. N. NARASIMHAM
Additional
Secretary,
Department of Economic Affairs,
New Delhi.
MR.
DAVID T. SCHNEIDER,
Charge d’Affaires ad interim,
Embassy of the United States of America,
New Delhi
EMBASSY
OF THE UNITED STATES OF AMERICA
January 24, 1975
MR. N. NARASIMHAM,
Additional
Secretary,
Department of Economic Affairs,
New Delhi.
.
DEAR MR. NARASIMHAM :
I
refer to your letter of January 24, 1975 reading as follows :
[Not
reproduced]
I
confirm that the understandings set forth in the above quoted letter are
acceptable to the Government of the United States. I agree that your
letter together with this reply constitute an Agreement between our two
Governments, effective today.
Sincerely,
Sd/
DAVID T. SCHNEIDER
Charge d’ Affairs ad interim