New Delhi, 24 January 1975GOVERNMENT 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
