r.lALA YSIAInve..twcnt Guarantlea

.4,re~nu'" an&~ndlng "Itt~agr~.e..aen' 01 ..'prU 21, 1959.EDecl~d by exchanga oj AO'~'Slgrud at Kuolll LUII.,JUr JUII8 2.1, ~ 96S,En.ered In'u JUTce June 2,', 1965.

TA4 AmcriccJU A.1I&b1l6811dQrto the JVa/crYJJL1T~Acting J)rill~ ..Vi,J4kr(ukl Actin!! JtJilliJJler 01 l::;z;lcn~al Affair.

Hoo 431

EXCEl.L£:-tCY:

I hnvu . he honor 10 refer to 1he Agret~nU!Ht efTecte() by the exchangeof notes of April ~l. 19M) P] Lcl\\"t~cnthu Gon!l.uIH~nt of the UniledStutps of A IIlericu ulld !he Go\'erJunenl of t lao Fcuerat ion of ~Iu)nyurelating to ill\'estll1(~lll gunrunties which II1UYLa issu(>tlLy tho Govern-anent of the United States of AI11crh';1 for jlln.~tl..enls in ncth'itioo inLlta Federalion of ~falu)'no Since the coudusion ue this Agrl"Clnent,h'gislatiun has b~en l'uadetl in tho Uniled St1\I('~"iof .\mrrir.n allodiCy-iug "Iul n uglllent iJlg t hc core raga 10 I)(} pro\' idl'll ill \"l>;-it()I~ hy ill rcst-JHcnt g\UU-:U11iL-s.hat allay Lc i~uc,1 L). LilaGon~n)JI1Cllt of the UnitedSllll(~ of Anh"l'icao .

It i'i the lIutl..'r~tnudllJg ur my GO\'cl;'nmCl1t Illut t1\(, &,bo\'~-IH('uLioned.\gn...olltl'ul i~ nppJil"ublc tn the wholc of t.Jala)'sin autl thlLl lUHClll!.llaCHI:;thea-du will b~ l'uHsid.!rcJ to ha\'e the salUe applic.':tliullo

Iu tho illtl're!:t of {adJilutillg nut! il\cre;lsill~ the pa..tic~ipnlion ofprhoalo cnterprise in {urllwring Ihe dc\'(~Jopmellt 0 f AInlllysin. theGin.cnunenl of the United Slates of America is pr~J>llrcd La issueinvest n1enl ~un rant ies providing such co\'crage os n1ay bu authori.zodb)O the applicable United States legislation for appropriate i&1v~l-menlR in Rcti\-il.ies nppro\'ed by your GO\'Crnrnl'nt pro\Oided thnt )tourGon~nuuell't. U~rl'C:i (Iant Ihe uluh.rtnk ings LL-tWl"Cn our rcspect.iveGovernallcnttj containcd in tho nuo\'&!-ulcutioncd A~rcelnent will boa&1>pli~lllJlo to such ~unnuHie.s. .

.\~l.unlil1g)Jt wo 1'I'0P05Othat th~ ,~Love.nu:lationcd .Ag"c~Jnent lieaunelllh:d n:t follows:

· TJ.UI ":lit; IUUtlT 114.

'rIA8 M:W) ( 10M)

"r..10 USTJ }.Julaysia-Int'ftSiment Guarantita-JuTI.lI{, 1965 '

(a) Suhst ilute "Soclicn 2'21 (1)) of the Foreign Assistance Ad oflOG!, [I] as alH~Hd(',\," lor "Section 413 (b) (4) ollho MutualSecurity Act of HI!,.', ['] 119nIlU~IHled,"",hHeyer tho lRlterappcnl"'S, nnd 8ul)f~.titlitO"Section 221 (b)." for "S~tion 413(L) (4)" wlmllH'l\1't.hu JILUornppellfs.

(b) Suuslitute ur.(aJI\}'sill" IUf "the Federation of MIlI"yalt\\'hu"c\"l~r tho Inlier Ilppcal"'Si in Suhpuntgruph (u) of PUl'u.gmph (3) Ilud in tho finlll pl\rn~rnph of tho Government. of?\11l1.,yn's Nuto of n'pl)' ",hem tlao tcrms "lhe FcdemtiGnllI\IHI&'F{.clemtiun" IIpp(~llr, rcspl'ctircly. change to "Mnla)'siaUjin HuJ.l'arngrnph (It) uf I'llrngnq,h (:.1)' chl1l1~o "~fnlnYllndollar" lo uJueuJ (:uncllcy" ill tllO t\\'o 1,ll1ccswhere it nl'l'tllI1f.

UPOII &'t~,'('i...,of IL lIulo Il"fllli YOllr EXl'cllcIH~Y illtlil."till~ thaL thefoft.guing Ulldt ~;tuHdings IlIld IIlIlcndlllcllt ore ncceplnJ,lu to 'hoOovernnwllt of Mnll\.)'siu nutl thnt 6U(;')&umler.ukillg shull ul,ply, tho.GO\'ol"lllueul ol t110Unitctl t-1llLtc~of Ami!ril~U will cousidl!r (!ant lhisNole ILIHIJuur n~l'ly therl'lo cOlIstiLII(Ofin Agreement LcLwl'cl1 ourtwo GO\'errul&cntaon this subject, the Agr~mcl1t to enter into forceOil tho cluto of ,)'our Note in reply.

Accept I ExceJlcllc.)'. ,ho rencwed 4SSUfancu 01 my highestcoul:4illcrnliuu. .

1087-

J .UlU DUJUWI HELL

IIis Exccllenr.y .

TUN JlAJ I AH"lIL IL\Z.\I( lUll Jhro II Ud./!.UN,Acting P,'ilJltJAIilli.,/er and

Acting M;nu/cr 01E'ZfU11I.llAffa;",!{UtJ/d Lumpur,

'J'''" .t/lll"!I"illll .tt'liuy j',.imc 4"iuulcr (Hul Actin!! ltli,&ilier 0/J:.',rtcrlltll Affair. 10 ll~ Amt'ri.c.'cu. A"~a,,udor

I'HUJ~ au~I8T£JI .,uuuutel.,u"blc .1t1dru8 -J'&U..lfTTal81'~gQl NOt. 6U3~." lion.

. YOUII EXtTl.u.;nCy,

I 110\'0 11.0 honuur to admowJcdge r~ipt of )'our Jetter 01 2HhJUliO, H)6~, t'IO COIl'CU(Sof which I produce hercunder:-

hi hlwu thu hUllor to rcler to tltlS Agc~m~J\t. t:tJ..-ctet.l Ly 010~xclltLl1g\3 of J1ot~ ot April 21, 1950 ~twcen the Oonnunuul ot

K HAU. LUWro8f4eh Ju~. 1966.

I 7~ that. j2U i:l:l U.d.C, I :.!J~Jell).· 0" Btat. St 7 i 22 V.it.O. 11~ (II) (t).

lOSS U.S. Trtatit. and Oth~r Inl~tit)nal Agreement' [ID U6T

the Unih:d .Stutes of AIJlt!rica and the GO\'crnITumt of the Fedem.

tivn of Mulfi)'& rel".ting to investmenl gllf\ran~ies which may bei.ssu,=~ by the Go\'cmment. of the Unil('d Stales of America forinn~~tmcnts in acth'ilies in tho Fcdcmtio" of Mnlayn. Since thoconclusion of this Agreement. 1('gi::,latiun has bCNt enacted in theUnited Sttlle~ of America lI10difying ulld nugllll'nlillg tho co\'erll~Oto lie pro\'idcd inve~<;torsI,y il\vestm~Jll glll1rnnLics nUll may boissued by the Government of tho Ullitcd Stuh'~ of Allwrit'n.

It is tho un(I£:r.>tnnding of my GO\'crulllcnl thal tho nlx}\'o-mentioncd Agreement is nl'plicnblo to lhe \\'hule of Mnlllp;ia andlhnl amendments therelo will be colIshh'rcII to Il1u'o tllc 6all10applicntion.

In tho inten~sl of fncilitnling ami increasin~ tho pl~rtir.iplLtiOi1of I'ri\'ntb ('nterprho in {urthcrill~ the llu\'cJopJUl'rll or Mala}'~il1,tho Gon~rnlllent of lho Ullitetl Stul(,8 of Aillcrka L; prcpurcd tois!>uu in\'C~tmenl gunfllillics )lrn\'itlill~ tmdl r.UHrngo (\~ II\I1Y beButhuril,~,J by the nppJi('nhlu Unih~d ~Int~~s Jt'gisl:\tion for uflflro-pribla innstments ill ncth'itics pppro\"Cd L)' your Gonfl&mcntprovided th~t. Jour Government :lgrces thal tlao undertnkingsbelween our respecthre Go\-ermn,mts cUl1triineJ in tho 1\1,0\,0-montioned .\~rC('Ulclit will ba npplicnhlo to such gnnrnnlies.Accordingly, wo propose lhut tho abovc-mentiuned Agrcl'mcnt beamended o.g 101l0ws:-

(a) Subst iluto "Section 221 (b) of lho Foreign Assistunce Actof IDGl, I\Snmended." for "Scceion ,t1:J(b) (4) of tho Mutul\lSecurity Act of IOu'., as nmcm.lecl." wllercn>r tho latternpprars. nncl. suhstitute "Srdic,n 221(h)" for IISection413(L)(4)" where\'er tho Inlter npp('nrs.

(b) SIiLstituto 1&~1nlaysian (or tho uFcdemlioll of !\lal:l)'I,nwhercver tho lnllcl' nppears; in SIII'parnJ!r:tph (n) ofPnragraph (3) lultl in tho final IlIt!a~Fi\I,h of Iho Om.ern-IIIrlit (If ~falaJI\'ti Nulu of n'ply \\"l\l'r~ t lau h.'nlls "llioFcdcra I ion" a ud IIl.'~Jl".ml iun" i\1'1Il'ar I n'~ pL'cti"c'l)' t c:1 HlII~O

to UMalay~ial/; in Suhparugrllpl. (L) of Pnrugf"lll,h (3)chango U~[I&IIl)'lLndollar" La "Iueul currellcy" in the twopIUCl',swhore it appCllr6.

Upon recdl't of a noto from Your Excellency indiclllin~ thatthe {on.going ullderslnlldinlr-i Hnd Olllcntlmcnl ure nccl'.ptIlLlc totho Gon:rnmcnt of MnJuysia. nnd the..:. such uaucrtakilllr-i ~hullI1pply, lho Gonnnncnt of the United Slatl-.s of America will con-siuer thl\t. this Note nnd )'our reply thereto c"n~tilulu an .Agr~crnentb<:tw~n our lwo Go\'ernnu:llls on this sulJjrct. the Agrc~rn~nt toenler into fon:e Cinthe dole of )'our Note in rtply.

Accept, Excellency. tho nmewed a.s~m'run~ ot my higheJJtconsidol'lion. "

.

,..

l' U8T] }.[ a 1(1liBia-l71t'C!tmnll Guarantiea-J U1U l4, 1965 1089

In ~ply I luu'e tho honour to inCorm )'OU that the ~lala)'5i.nGovemrllent. confirms lho undel1itnndiugs as 6et out in your lellerar.d will n'gnrd that JeUer lLudthis reply WIconstitutin,:; un AJ{rccm~nt~..t w~n the GO\'emIU611l8 of MallLysia oud of the United StnUs 01A.merictl, tho Ahreement (0 enter into force 011the clute of this ~Ijly.

I avnil my~1t of chis opportunity to I'enow to you. Your Excellency,the a&iurnnce:l of my high~l consideration.

Yours 8in~rely.

c... ~.::;:~2.~ IAd'"'cPr&aeWIa! r ..

Ui8f ~.r eI r:: AltaU"MaJ.,."

1Iia ExcellencyMr. JAIn... DOHD.\I&BuL,

AmlJ(u~vr /!.~;J.:trtJVTclinQryMadPUflipot~ntiary 01 tA. UniUd StdJu 01 dmcsrioa.

K1UJl<JLUlupw.

I....

,.

.

,..:'

~IALAYSIAInvestment Guarantlea

.i4lre~nu'd lIn.~ndlni1 die agreemen' oJ ..prU 21. 1959.Effected by exchange oj hole. .

Slg.ud m Kuala LUIlI1JUr Ju.J!! 24. 1965 ~En'ered In.o jorce June 2~965.

TA4 A,mericcm AmbulI8fldor to the Jt1al(lYIJ~mActing Prim., Mi,J4urCJJklActing Min;,t~,. of /:.'a:terllal-Affair..

)io, 431 1\:U.\1..1LUMruH. luna t4. 1965.

EXCElLENCY:

I hnvo che honor to refer to cho Agreement efTocteclLy the exchangeof notcs of April !Hs 19M) f'] uetween tho Go\'ernmt:nt of the UnitedStatr:i of Americu nnd the GO\'ernmenl of the Fcueratioll of ~InlnYllrelating to investment. gunrnntics which mny bo issued by tho Govcl'n-ment of the United St.ltes of Americ;1 for ill\"c~rmenls in ncth,itioo illtlae Federation of ~(lllu'yIl, Sincc the conclusioll of this AgTccment,It>gisJation has ueen ~uacted in 1ho United.Stntcs of Amerim lIlodify-ing nnu uuglllent iug the corerago to JJCprodded in n'~)1ors by im'cst-IIIcnt. gnaranties thnt muy be i$\JCII by tho GO\"enllllCllt of tho UnitedSlllt(~ of America,

]1 is the IIlldt.rstnlldtngu( my GO\'Cl1unent tllllt the nbo\'o-I1It'llliol1ed.Agn'~IIu.alll is npplil'ablc to the whole of ~Iala)'sin Qud thlll 11Iucnd-mellts then.to will be cOlisidercd to lu1\"e the salJle upplic:Hion,

In tho iutercst of (a~iJilnting I\nd increasing tho panicipnlion ofprh'uto enterprise in fnrtlu~riJ1g the den~Jopl11ent of Mnlil}'sin. theGo\'ernment. of the United Slates of Americn is prepared Lo issueinvestment. guarant ies providing such co\'erage as may bo authorizooby the applicablo United States Icgislation for appropriate invest.-meJ)t~ in ncth-itjes approved by your GO'o'ernment prO\'ided that. yourGo\'cmment ngrCC:i thnt. tho ul1dt!rtnkings Lt-t\\"cen our respectiveGovenuucnhi contuined in tho nuo""'HnOl&lioncd Agreement will boILppliCIlU10to such guurnnties.

.\t:l'unlingl)'. \\"0 pl'opose thal the noove-mcltt ioncd .Agl"e~ment ~l&U1ended119followi:

· TI.\H "::1-1; lU UHT 111L

TI.A.8 ~ (1064)

. U UEiT} }.falay!ia-Iut'czsiment G-uarantiea-JuM f4, 1965 .(a) Subgt ilute "Section 2'21 (b) of the Foreign Assistance Ad of

1061, [I] as nmendl'\\,11 for "Section 413 (h) (4) of tho Mutua.lSecurity Act of 1ft:,." ['] ns amended." whea'ever lho lallerappears. .\no substitute "Section 221 (b)~' for "Section 413(L) (4) " \\'hercn~l' tho hLUerappcllra.

(b) Substilute "MaJI\)'sill1t for "the Fctlcrulion of MIlJnyatlwhurc\"t!r the l"lI~r llppcanq in Suupnrugrnph (t1) of Pum-gril.ph (3) nnd in the final i)l\rI\grnph of tho Governmenl ofMalayn's Nulo of l'\'pJy whero the tClm~ "the FcdemtionJtanel hF~dcmt iOIl" Ill'pCl\r, rcspccli \"clyI change to UMn 1aYSiilll;in BuhJlarugruJlh (II) of Pl\rn~rnph (3)' chnnge "!\Jl\lnYllndollar" to "IOCaLl(:uncncy" in tllO two plnccs where it npl'(~llru.

Upon l"c,'cil'l. OrlL utile frUIn your EXl'cllclley iluJicating IJwl the'foreguing ulhl(~I~tl\ndil\gs Ill1d. I1I11CIHlmcllt. nre I1cccplllblo to IhoOovcrnn\l~nt of Ml\ln)'sill unel t!ant such unuertuking shull nlJply. the.GovornlllcuL of tho Onilc,i Stutes of Amcricu will consider that this

Nole flnd }.our reply therclo constiLnto (\11Agreement Lcl\\'l'cn ourtwo Go\.erul11cnts on this subject, the Agreement to enter inlo forcaon the elate of your Note in reply. .

Accept, Excclleuc)', tho renewed tlSSurancea 01 my highestcon~idcrnt ion.

1087

Ilia Excellency .

TUN 11.-\.11 AnnuL ILu.\K m.N )hTO lIuu.uH,

Acting P""7IIeMi1li3ter and.Acting Minuter 01 E2:te~ll Alla;n.

]( uah. LumpuT.

'1'Jltl JJ.,1II!l,,;au .tdi,..!! J.";mc Minuter uml Ac/ing Milliller 01J:.';r.tcl'lwlAlfa;r_ to tlUJ American Auwa..udor

I'HUJ~ ll1NI8TEIl t.uL4UU

'teifIUP~'C Addnn-!'~UUNTT".pIuiQ. NOI. UU2'. 86225

KuJ.LJ.. LUWI"UJI

. tJth Juru.1906.,y oun Exn:l.U;NCY.

I hn\'o tho honour to admowledge reaipt of your letter of 24thJuno, 1V65, the conlents 01 which I producel hereunder:-

"I lal\\'O thu honor to rcCer to the Agr~mel\t t:fIected lJy tJlOijxcluUlge of 110r~ ot April 21, '1950 bet.w~ tbe Oovenununl Qt,

'7:; ~hlt. ",20 i:l:l V.tJ.C. I :lUU (11).'68 StaL SiT i ~ U.tI.O.ll~(b) U).

.

1088 U,S. Trtatita and Oth~rInternatimwl Agreement' (10 U51'

the United 'Stules of America and the Go\'crnment of the Feden.tivn of .Mala)'a reJft.ting to investment gHarnl\~ies which may beissuE:d by the Gm'ernment. of the Unit('.d States of America. forun-estments in activities in tho :Fedcrntion of Mnll\yn, Sinc~ thoconclusion of this Agreement, )~~blation Ita!; hcen enacted in theUnit~1 S(l1tes of AmericlL modifying lliUI I\ugmcnling the C(J\'erugoto be prO\'ided inve.stors IJY investmenl ~lInrnnlies HUll mny boissued Ly the Government. of tho Uuilcd Stules uf AII\(~ricn,

It i~ tho \IIltle~lnnrling of my Gon~rnlllcnt that. tho nl)()\'o-ment.ioned Agrc~menl is npplicable to (he whule of M:\ln}'sia audthllt. amendments therclo will Le consid('r~d to 1111\'0the S.'\1I18appl icntjon. .

In tho intcr~st. of facilitating nnrl incI'casing the partidpl1tionof prh'at& enterprise in furtheriug the du\"dol'mcnt. oC Ma1a}'~ilL.the GO\'crnment of the United Stratrs of Amerir.a i.i prc(lurcd toissue in\'estmenl guurIllitics »rm'idin~ I:md. cu\"Crn~o IlS mny beo.uthoriz'~ll hy the npp1it'ub1o. United Statcs ]t~gisl:\tion for appro.pria.te investments in activiticii. nppro\'ct1 Ly your GO\"CTl1mentprovided that Jour Government =-grces thllt Ule u"ldertakingsbetween our respccthre GO\-ernments contnined in tho above-mention~d Agrel'meut will bo Rpplicnhlo to such gunrnntics..Accordingly, wo propuse thnt tho abovc-ment ioned AgrcNnent beanlended o.s 1011ows:-.

(a) Substituto "Seclion 221(b) of- tho Forcign Assistance Actof 1061, ns nmenderl,u for USection -t13(b) (4) of tho MutnnlSecurity Ad of 1054, as nmended." whcren>r tho lalternppcnTS, nnd SlIhstitulc "S('('tion 221(h)" for "Se<:liol\413(b) (4)" wherever the 1nUer npprnrs.

(b) Suhstituto "Malaysian {or tho "Ji'cdcmlioll of !\fala}'I'"wherc\'er tho Il\lIcl' appearSj in Sllhparn~mflh (a) ofPnr:agral>h (3) nnel in the final pnm~1"iIphof tho Om"crn.mcut of ~fnlaJI\'s Note of rt~ply wlwre tho tcrms "lIIDIf'edt!l"afiou'' nnd tlli'eJl".mt.iuntl appear. fl'~pccti\'cly, dlRn~oto "Malaysia"; in Suhparllgrnph (IJ) of Pamgmph (3)chango "U(111)'nn d01lur" to tllaeul currency" in the lwoplaces whore it. appcars,

Upon receipt of a nolo from Your }~xceJlcncyindiclltil1~ thatt.he foregoing undersLandings Hnd nmcndmcnl are acceptable totho Go\'crnment of bfn1nysia. and thG.~such u~dert.akil\gs shallnpply, tho Government of tho United SULtt.Sof .America will con.sider that. this Note and )'our reply thereto c~n~tituto nn Agreement.belwun our two Governments on this suhject, the Agrcemant toenter.into force em the date of )'our Nole i4 reply.

A.ccept, Excell~I1~Y.the renewed assurunooa ol my highestconsidoration'" .

--- -----

II :.

JI U6T] }.falayltia-l71t'c8tment Guarantitr-JuM !4. 1985 1089

In reply I ha.,"e the 110110urto inform )"OUthat the ~h\a)'5i.uGovernment confirms t.he under.;tnndiugs as set out in your letterAnd will regard that letter and this reply as constituting an Agruffiant~ ween the GO\'enunenUi of !'lo.1nysia ..nd of the Unhed Sln~ ofAmericll, the Agreement to enter into force on tho date of this ~rJ1y.

I aVRilmyself of this opportunity to renew to you, Your Excellency.the assurances of my highest consideration.

Yours sincerely.

. TUNIUJ,rUOUL.ULUt a~'t)A.TOMU8&UIt "LiiDe r..ia8 WW er ....

A8&.c WJ.eLat.r ,. E:.1 a AttaU"W&i1Q' aLa..

Ria ExullencyMr. J~u DOHnAn]3£1..1...

.4mluu.adln" J!."~eru{)f'c/.inllry Mid

Puftipotentiary oj t1. UniUd StaJu ()/ ArlWrioa.K~ Lumpvr. .

.It.

~1ALAYA

Guaranty or Private In\'utmenu

AU~I rffectrd by exchD1lgt1oj n~Sigrn'd at Kunla Lumpur April 21. 1959;Entered into Jor~ .April 21. 1959.

TM .dfMrkan Ambauador to 1M Malayan Minuter- cl EtrUmiIJ.Affair,

)(0.:ua ICUALAf.,uln'uR,.Aprll tl,1969EXCF.U~HCY:

I havo tho honor ta rolor to cOliv~rsntion9 which havo rett.nUytaken plnce between rcprescnLRlivcs of our t.wo Gov6rnm~ntsJ rclat..ing to guarnnti(,9 nulhodze<1 by Sp.dion 41:J (I» (4) of tho :MutualSe~urU.y Act 01105... (') 89 nmenucd. I nlHohavo tho honor to con.firm tho following undcrst.nndingg reached f\S a result of theseconvcrsntions:

1. Tho Governments of tho Fcdorntion of :Halnyn. nnd of tho UnitGdStat(!s of .Ameri~'l wi]), upon tho request of eit.her of lhem, consultrespocting projects in tho Fedcrnt ion of Malayn. proposed by na-tionals of tho Unitcd States of Amerir.n with regard to whichguurnntie.s under Section 4]3 (b) ('i) of lhl} ~[utua1 Security Act of195-1, as nmended, 113vebeen mado or aro under consideration.

. $,Irrho Government ot lhe United Stotl'!i of A mcricll ngrces that it..~jf1 issue no gunranty with regl1nt to nny projed unless' it is np-proved by tho Government oll.ho Federulion of Mnlnya.

3. With respect 10 such gunranties ('xt.entlin~ to projects whic.h areapproved by tho GO\'crnrnenl of tho Fcrlemtion of 1.fntayn in accord.&lncowith the. pro\'isions of the nforosaicl Section 413 (b) (4), theOovol'rllJumt of tho FCllr.rntior of 1\1nln)'a ngf(~c9:

a. That. if tho Go'\"crnment of tho Unil~(l States of America mBk~pllyment in United Sloles dol1ars lo tiny person under any suchguaranty, t.ho Go\'ernment of tho Federation of !fnlaya willre.cognizo the transfer by such person to the United States of.Americ:1 of any right, tit10 or intcrcsl of -such person in assct.expropriated or 8~ls rendered u~tes.1I to such ~rson by reLc;on

'68 Std. 847; 22 V.B.C.I 1033(b) (4).

Tt AS .611.1

.,.

J4 l.MTI ~U nlo!Jl1-Guaranly oj Pri,~I~ 1nl'e81m~nu-Apro ! I, 10S!) 777

of the oxproprint.ion of 8ny other L~t.s fonning pi rt bf thebU9inrsg or project of sur:h person in the Fcdcnlion, or any cur-rency or credit in Any currency, with respect. to ",-hieh suchpayment under a. gu:lranly 'Was mnde, Rnd tho subro~alion oftho UnitN) Sl,f('.9 of Amr.riCA to any c1aim or cause of action.or right. of such person nrising in connection therewith.

b. Thflt J.fnlny:m dollnr ftmounts Required by lhe GOTernment oftho Unitr.d SI.nh'_'Jof Amr.rir.n pursunJ1t. to such J;l1llrnnti("s shallbo nrconl"c.l t.r<,almr.nt not ll's-q {nvora 1110t.hnn t hl\t accorded to

pri\'nt~ fund9 nrising from lrnmmct.ionA of. lInil('d Stnw.JInnliona19 which RiO comp:u.nhlo t.o tho lransnc;tions cot'crccl by8\1ch Allnrnnfi('s, 1\1Ielthat 5\1c.hMl\ln).Qn dol1nr Amounts wiJI befreely nvnilnblo tl) tho Government. of lho United Slall'.S of.America for n{lmini5lrnth'0 cx-pcnditures.

c. Thnt any cltlirn agaim~t t.ho Government of lho FceJer-ation ofMul:1JB to which the Government of tho United StDtes ofAmerica mny bo snhrngafr(} os n ft'S\11t.of Dn}' pnpnent undersuch n ~Jnr:U\ty, (;hall 1,0 tho 611hjcct.of dired nr.~nlinlinn9 00-lwcen Hlo lwo GO\'crmncnls. If ,fit hin 11rr.:Lsnnnhlo pr.riod,they aro Ufml.Jo 1..0F-t'l.llo Iho claim by n,~..('mnr.nt, it shnll beroforrt'.d for finnl and J.inc1ing dctcnninnlion to n 6010ubilrnlorsrlrcrrcl hy mutuAl n~r('{'m(\nl If tho Go\"crmncnls oro unoble,within n. period oC t tJr('.o mont.h!'l, to nA'frc upon such seJection,lho nrbil.rnlor shnl1 bo one who mn}' be clc~ign:\terI by t ho rl"t'~i-d('nl of lho Jnt~rnRliol1l\J Court. of Juslico at tho requcst ofeither Government.

Upon receipt of n nolo from Your Excell~ncy jndicntin~ that. theforegoing provisions are nc!'.cptnble to tho Government of tho FM-eration of ~fnJnyn, tho,Go\"(~rnment of tho United Stnt~ or Americawilt consi(lcr that this no") and }"our. rt'ply thereto constituto anigrooment. between the t'\\o Go\.cnllnenls on this subject, the agree..

.',mont to enler into for~ on the date of your noto in reply.Acc.ept., Exce))cncy, the J"t'newN assurances of my dislinguish&<!

consideration.RoYEK 11. BnNQTOK, Jr.

Iris Excel1encyDoctor I8}{AIt~bin Duto Al\DtTL R4'fUlAN,

Ali,1iJt~r 01 E~t~rllal Affa.ir..Kuala Lumpur.

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