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- 2136 paragraph (c), and an agreement by the Contractors to furnish a on July 31, 1957, satisfactory security for the remining belence _ “due subsequent to said date, Said additional One Million Dollars 7 ~ (21,000,000) shall constitute a further payment on account of ) a eaid Seven Million Dollars ($7,000,000), and shall be applied Bh ‘ in reduction thereof, Following any such payment of an addi- fee tional One Million Dollars (‘1,000,000) on July 31, 1956, the | ae remaining mmpeid belance of said Seven Hiliion Dollars ({7,000,000) " te shall then be payable in three equal anmal installments on ae July 31, 1957, duly 31, 1958, and dy 31, 1959, respectively, a and the security to be furnished on July 31, 1957, as aforesaid,’ ons shall secure the 1956 and the 1959 annual instal lments,-.. (f) On payment of the balance of said Seven Million = Dollars ([7,000,000) all security given in respect of said | ee _tmpaid balance and not applied in reduction of said sun shall | g 7 fortindth be returned by the ) Government, 7 eee at at The Contractors further agree: a (a) If security satisfactory to the Government is es a not furnished by July 31, 1956, ae provided in Article Il, para- A . graph (0), title to the Ships shall be transferred to the Govern- a _ ment a8 of July 31, 1956. If the security described in athe A a second sentence of Article II, paragraph @, 4s furnished en + July 31, 1956, and satisfactory security 4s not furnished by tS Hae, yay ote a, caer sete 'y