more than a total of $300,000 before January 1, 1943,
    more than a total of $400,000 before January 1, 1946,
    more than a total of $500,000 before January 1, 1947, or
    more than a total of $600,000 before January 1, 1948.
                          ARTICLE III
  The United States of America and the Republic of Ecuador, recog-
nizing that the measures herein provided for their common defense and
united resistance to aggression are taken for the further purpose of
laying the bases for a just and enduring peace, agree, since such meas-
ures cannot be effective or such a peace flourish under the burden of
an excessive debt, that upon the payments above provided all fiscal
obligations of the Republic of Ecuador hereunder shall be discharged;
and for the same purpose they further agree, in conformity with the
principles and program set forth in Resolution XXV on Economic
and Financial Cooperation of the Second Meeting of the Ministers of
Foreign Affairs of the American Republics at Habana, July 1940,37 to
cooperate with each other and with other nations to negotiate fair
and equitable commodity agreements with respect to the products of
either of them and of other nations in which marketing problems exist,
and to cooperate with each other and with other nations to relieve
the distress and want caused by the war wherever, and as soon as,
such relief will be succor to the oppressed and will not aid the
aggressor.
                          ARTICLE IV
  Should circumstances arise in which the United States of America
in its own defense or in the defense of the Americas shall require de-
fense articles or defense information which the Republic of Ecuador
is in a position to supply, the Republic of Ecuador will make such
defense articles and defense information available to the United States
of America, to the extent possible without harm to its economy and
under terms to be agreed upon.
                           ARTICLE V
  The Republic of Ecuador undertakes that it will not, without the
consent of the President of the United States of America, transfer title
to or possession of any defense article or defense information received
under this Agreement, or permit its use by anyone not an officer, em-
ployee, or agent of the Republic of Ecuador.
I For correspondence on this Meeting, see Foreign Relations, 1940, vol. v,
pp.
180 ff.; for Resolution XXV, see Department of State Bulletin, August 24,
1940,
p. 141.



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ECUADOR