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OCR Page 1 of 7SECRET
DECLASSIFIED
E.O. 11652, Sec. 3(E) and 5(D) or (E)
Dept. of State letter, Aug. 10, 1972
By Date 721.75
4 December 1945
From: Ambassador Edwin W. Pauley
To : Justin R. Wolf, Care Map Room, The White House, Washington.
Nr : CA 55577
1.
I have discussed with General MacArthur and now propose to
recommend that the following decree be issued by SCAP vesting Japanese
external assets in accordance with Paragraph 46 of the Joint Chiefs of
Staff Directive of November 3 (130/15):
HERE
NATIONAL
ARCHIVES AND
DECREE VESTING JAPANESE EXTERNAL ASSETS
RECORDS
of
SERVICE
PREAMBLE
Whereas, in order to promote and maintain international peace
and collective security in the post-war world and to carry out the pro-
visions of the Cairo Declaration of December 1, 1943, the Potsdam Decla-
ration of July 26, 1945, and the Instrument of Surrender of September
2, 1945, it is essential to eliminate Japanese ownership and control of
property outside of Japan, of whatever nature and wherever located. Now,
therefore, the Supreme Commander for the Allied Powers (hereafter referred
to as the "Supreme Commander"), in the exercise of his powers as the
supreme government authority of Japan, orders as follows:
ARTICLE ONE
ESTABLISHMENT OF OFFICE OF CUSTODIAN. There is hereby constituted
an agency designated "Custodian of Japanese External and Foreign Exchange
Assets" (hereafter referred to as the "Custodian"), under the authority of
the Supreme Commander. Subject to the powers of the Supreme Commander, the
SEORET
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