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June 21, 1985
Excellency,
With reference to the Exchange of Notes dated June 28, 1984 concerning Japanese economic cooperation to be extended with a view to strengthening friendly and cooperative relations between Japan and the Republic of the Philippines, I have the honour to refer to the recent discussions held between the representatives of the Government of Japan and of the Government of the Republic of the Philippines, and to propose on behalf of the Government of Japan, in accordance with paragraph 2 of the above-mentioned Exchange of Notes, the following arrangements:
For the purpose of contributing to the execution of the Project for the expansion of the National Maritime Polytechnic, the Government of Japan will extend to the Government of the Republic of the Philippines a grant up to two billion four hundred and twenty-seven million yen (¥2,427,000,000) during the period between the date of coming into force of the present arrangements and March 31, 1986, unless the period is extended by mutual agreement between the authorities concerned of the two Governments.
I have further the honour to propose that this Note and Your Excellency's Note in reply confirming on behalf of the Republic of the Philippines the foregoing arrangements shall be regarded as constituting an agreement between the two Governments, which will enter into force on the date of Your Excellency's reply.
I avail myself of this opportunity to renew to Your Excellency the assurance of my highest consideration.
(Sgd.)KIYOSHI SUMIYA
Ambassador Extraordinary and Plenipotentiary
of Japan to the Republic of the Philippines
His Excellency Pacifico A. Castro Acting Minister Foreign Affairs Ministry of Foregin Affairs