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REPORT TO
THE PRESIDENT
By
Thomas B. McCabe
Special Assistant to the
Secretary of State
and
Foreign Liquidation Commissioner
With the recent announcements of the bulk sales of surplus
property to China, to Italy and to the Philippines it is estimated that
about 75% of the saleable Army and Navy war surpluses abroad have been
sold. The total of foreign saleable surplus has been estimated to be
about 7.5 billion dollars, at original cost to the United States, and
of this amount about 5.6 billion has been sold or transferred under
Congressional acts.
The realization to the United States of the property sold can
not be accurately determined at this time as the latest data from the
field offices is not available, but it is considerably in excess of one
billion dollars exclusive of the 97 million dollar transfers to UNRRA
(under Section 202) and the 100 million transfer to the Philippines under
the Tydings Act.
The following is quoted from the July 30, 1946 letter of the
Acting Secretary of State to The Congress:
"This remarkable progress has been made through extensive in-
dividual sales efforts as well as the negotiation of bulk sales to
countries where large quantities of surpluses are located.
"This accomplishment and the future prospects are especially
noteworthy when one realizes the difficulties surrounding the disposal
of surplus overseas. Property has been declared surplus in every theater
of war, in more than 80 countries and on 30 island groups. Political,
economic, climatic and geographic conditions are so diversified that each
area presents special and almost insurmountable problems. The rapid dis-
posal of property which was often battle-worn, badly deteriorated and
nearly inaccessible, under arrangements which call for the return of more
than a billion dollars to the United States Treasury, is an outstanding
achievement. The results obtained by the Foreign Liquidation Commissioner
and his staff represent a real return for American taxpayers, as well as
furnishing a substantial contribution to the rehabilitation of a war-torn
world."
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"ocrText": "REPORT TO\nTHE PRESIDENT\nBy\nThomas B. McCabe\nSpecial Assistant to the\nSecretary of State\nand\nForeign Liquidation Commissioner\nWith the recent announcements of the bulk sales of surplus\nproperty to China, to Italy and to the Philippines it is estimated that\nabout 75% of the saleable Army and Navy war surpluses abroad have been\nsold. The total of foreign saleable surplus has been estimated to be\nabout 7.5 billion dollars, at original cost to the United States, and\nof this amount about 5.6 billion has been sold or transferred under\nCongressional acts.\nThe realization to the United States of the property sold can\nnot be accurately determined at this time as the latest data from the\nfield offices is not available, but it is considerably in excess of one\nbillion dollars exclusive of the 97 million dollar transfers to UNRRA\n(under Section 202) and the 100 million transfer to the Philippines under\nthe Tydings Act.\nThe following is quoted from the July 30, 1946 letter of the\nActing Secretary of State to The Congress:\n\"This remarkable progress has been made through extensive in-\ndividual sales efforts as well as the negotiation of bulk sales to\ncountries where large quantities of surpluses are located.\n\"This accomplishment and the future prospects are especially\nnoteworthy when one realizes the difficulties surrounding the disposal\nof surplus overseas. Property has been declared surplus in every theater\nof war, in more than 80 countries and on 30 island groups. Political,\neconomic, climatic and geographic conditions are so diversified that each\narea presents special and almost insurmountable problems. The rapid dis-\nposal of property which was often battle-worn, badly deteriorated and\nnearly inaccessible, under arrangements which call for the return of more\nthan a billion dollars to the United States Treasury, is an outstanding\nachievement. The results obtained by the Foreign Liquidation Commissioner\nand his staff represent a real return for American taxpayers, as well as\nfurnishing a substantial contribution to the rehabilitation of a war-torn\nworld.\"\nARCHIVES AND\nSERVICE RECORDS of\ncompany"
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