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[[underline]] Proposed Agreement with Republic of Panama for Benefit of Smithsonian Tropical Research Institute [[/underline]]

As previously reported to the Regents, an exchange of notes which would give the Smithsonian Tropical Research Institute official status and certain privileges such as tax exemption was proposed by the United States Embassy to the Government of Panama.  A modified note, approved by the Department of State, has now been tendered to the Government of Panama.  A decision on that note appears imminent.