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COPY May 28, 1946 Dear M. Monnet: This will confirm my understanding with you as to the method by which, subject to the provisions of the special agreement relating to shipping claims dated May 28, 1946, the United States will establish with the United States Maritime Commission the credit of $17,500,000 in favor of the French Government. A sum of $17,500,000 will be drawn for this purpose from funds heretofore paid by the French Government to the Foreign Economic Administration but not taken into account in arriving at the net amount due the United States set forth in paragraph 2 of the Memorandum of Understanding signed today by our two Governments. Sincerely yours, is SERVIOE W. L. Clayton Assistant Secretary The Honorable Jean Monnet, Care of French Supply Council, 1800 Massachusetts Avenue, Washington, D. C.

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    "ocrText": "COPY\nMay 28, 1946\nDear M. Monnet:\nThis will confirm my understanding with you\nas to the method by which, subject to the provisions\nof the special agreement relating to shipping claims\ndated May 28, 1946, the United States will establish\nwith the United States Maritime Commission the credit\nof $17,500,000 in favor of the French Government. A\nsum of $17,500,000 will be drawn for this purpose from\nfunds heretofore paid by the French Government to the\nForeign Economic Administration but not taken into\naccount in arriving at the net amount due the United\nStates set forth in paragraph 2 of the Memorandum of\nUnderstanding signed today by our two Governments.\nSincerely yours,\nis SERVIOE\nW. L. Clayton\nAssistant Secretary\nThe Honorable\nJean Monnet,\nCare of French Supply Council,\n1800 Massachusetts Avenue,\nWashington, D. C."
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