[E.A.S. 359] 6
be granted by it to the Government of the United States, it is agreed that the Government of the United States will pay to the Government of Panama an annual rental of fifty balboas or dollars per hectare for all such lands covered by this Agreement, the Government of Panama assuming all costs of expropriation as well as indemnities and reimbursements for buildings, cultivations, installations or i'mprovements which may exist within the sites chosen.
In the case of the public lands the Government of the United States ill pay to the Government of Panama an annual rental of one balboa or dollar for all such lands covered by this Agreement.
There are expressly excepted the lands situated n the Corregimento of Rio Hato, designated by No. 12 in the attached Memorandum, it being understood that for this entire tract the United States Government will pay to the Government of Panama an annual rental of ten thousand balboas or dollars.
The rentals set out in this Article shall be paid in balboas as defined by the Agreement embodied in the exchange of notes dated March 2 1936, referred to in Article VII of the Treaty of that date between the United States of America and Panamh, or the equivalent thereof in dollars, and shall be payable from the date on which the Use of the lands by the United States actually began, with the exception of the lands situated in the Corregimiento of Rio Hato designated by No. 12 the attached Memorandum, rental for which shall commence January 1, 1943.
ARTICLE XIII.
The provisions of this Agreement may be terminated upon the mutual consent of the signatory parties even prior to the expiration thereof in conformity with Articles I and V above, it being understood also that any of the areas to which this Agreement refers may be evacuated by the United States and the use thereof by the United' States terminated prior to that date.
ARTICLE XIV
This Agreement will enter into effect when approved by the National Executive Power of PanamA and by the National Assembly of Panama.
Signed in Panama' in duplicate in both English and Spanish this 18th day of May, 1942.
On behalf of the Government of the United States of erica:
..... ....../ EDWIN C. WILsoN
Onbhl fteGveneto h eublic of Panaa
~OcTAvIO FXBREGA'