Memorandum from Secretary of State Dean Acheson and Paul Hoffman to President Harry S. Truman, with Attachments
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OCR Page 1 of 9ECONOMIC COOPERATION ADMINISTRATION
WASHINGTON 25, D. C.
CABLE ADDRESS
ADECA
FOR EUROPEAN RECOVERY
SUPPLIED BY THE
UNITED STATES OF AMERICA
APR 27 1949
ECA EMBLEM
CONFIDENTIAL
MEMORANDUM FOR THE PRESIDENT
Subject: Economic Aid to China
The China Aid Act of 1948 and the related appropriation
act made funds available for obligation through April 2, 1949.
By Section 12 of P. L. 47, 8lst Congress, approved April 19, 1949,
an amount equal to any balance unobligated under that act on
April 2, 1949, or subsequently released from obligation, was made
available to you for assistance in areas in China which you may
deem to be not under Communist domination.
In view of the critical conditions in China, it is
urgently desirable that the funds made available to you by the
above section be authorized for obligation and expenditure and
that the flexible provisions of that section be made operative.
The situation in China has, among other things, made it necessary
to spend U. S. dollars in China for purposes for which local
currency would normally be expended.
The attached form of letter proposes that you authorize
the Administrator for Economic Cooperation to administer the
provisions of Section 12. The assistance is to be limited to such
areas as the Secretary of State from time to time determines to be
not under Communist domination. In furnishing and terminating
assistance, the Administrator will act in consultation with the
Secretary of State.
The advance of the Chinese Communists across the Yangtze
River has made it very unlikely that further aid can be provided
to Shanghai. The Administrator has already diverted from China
all shipments of raw cotton in the ECA program.
Approsed
S.
May 3. 49
The Secrétary of State
ARCHIVES SERVICE* RECORDS "NATIONAL AND
Concurred: HSX
M /M
The Administrator 1or Economic Cooperation
grank Paufr.
DECLASSIFIED
E. O. 11652, Sec. 3(E) and 5(D) or
Director of Bureau of Budget
Dep: of State letter, Aug. 9, 1923
By NLT- He 9 NARS Date 7-20-76
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