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EXCHANGE OF NOTES BETWEEN THE GOVERNMENT OF NEW ZEALAND AND THE GOVERNMENT OF THE UNITED STATES OF AMERICA AMENDING THE AGREEMENT DATED 14 SEPTEMBER, 1948, FOR THE USE OF FUNDS MADE AVAILABLE IN ACCORDANCE WITH THE LENDLEASE SETTLEMENT AGREEMENT OF 10 JULY, 1946

Wellington, 3 and 9 March, 1949

No. 1 Embassy of the United States of America to the Ministry of External Affairs Embassy of the United States of America, Wellington, 3 March, 1949. The Embassy of the United States of America presents its compliments to the Ministry of External Affairs and has the honor to propose, on instructions from the Department of State, an amendment to the Agreement dated September 14, 1948, between the New Zealand Government and the Government of the United States of America for the Use of Funds made available in accordance with the Lend-Lease Settlement Agreement of July 10, 1946. The Government of the United States proposes that Article 5 of the existing Agreement be amended to read as follows : " The management and direction of the affairs of the Foundation shall be vested in a Board of Directors consisting of ten Directors (hereinafter designated the ' Board '), five of whom shall be citizens of the United States of America and five of whom shall be nationals of New Zealand. In addition, the principal officer in charge of the Diplomatic Mission of the United States of America to New Zealand (hereinafter designated ' the Chief of Mission') shall be Honorary Chairman of the Board. He shall cast the deciding vote in the event of a tie vote by the Board and shall appoint the Chairman of the Board. The citizens of the United States of America on the Board, at least three of whom