Letter from C. E. Meyer to Secretary of State Dean Acheson with Attachments
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OCR Page 1 of 21SECRET
SECURITY INFORMATION
THE FOREIGN SERVICE
OF THE
ASAM
UNITED STATES OF AMERICA
DEPARTMENT
D&/R
fels
Arerican Embassy,
Pusan, Korea,
May 24, 1952.
FE:NA E:OFD
The Honorable Dean Acheson,
The Secretary of State,
Department of State,
Washington, D. C.
My dear Mr. Secretary:
I have the honor to refer to your letter of 10 April advising me
ci designation by the President to head a special mission to negotiate United
financial, my economic and other appropriate agreements between the
0
States or the Unified Command and the Republic of Korea.
A
3
I now have the honor to report the negotiation with the Government
of the Republic of Korea of an "Agreement on Economic Coordination Between
the Republic of Korea and the Unified Command, # signed at Pusan, Korea,
24 May, 1952. In addition, certain financial arrangements between the
Republic on of Korea and the Unified Command were accomplished in an exchange
of notes effectuated the same day at Pusan.
The terms of reference incorporated in your letter of 10 April directed
negotiation of agreements with the Republic of Korea on measures which the
would promote the stability of the Korean economy and facilitate mili-
tary reference to financial and economic agreements, these terms of reference,
operations of the United Nations Command in Korea. With particular
between the Republic of Korea and the Commanding General of the Armed
as tinued adherence to the terms of the Financial Agreement of 28 July
subsequently amended, stressed the importance of agreement on (1) 1950 con-
Forces of the Member States of the United Nations; (2) establishment of
for effective joint efforts to stabilize the Korean economy;
measures appropriate arrangements for control and/or coordination of the foreign
(3) resources of the Republic of Korea; and (4) conclusion of arrange- in
ments exchange for settlement by the United States for certain of the won drawn
accordance with the Financial Agreement of 28 July 1950.
DC/R
47
Rev
SECRET
Cat
X 097889
556
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