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-II-
Moreover, the Soviet note maintained that the economic situe-
tion in Hungary was not as serious as the United States be-
lieved. On these grounds, the Soviet Union once more refused
to join with the United States and the United Kingdom in work-
ing out a solution to Hungary's economic problems.
The United States Government delivered a final note on
the subject to the Soviet Union on September 21, 1946. Arter
expressing regret that the Soviet government was unwilling
to cooperate, the United States observed that "the American
representative on the Allied Control Commission for Hungary
stands ready at any time to consult with his Soviet and
British Colleagues to implement the obligation assumed by the
three governments at Yalta by assisting Hungary to stabilize
its economy and by providing a franework wi th which the IS-
habilitation of that country and its early integration wi th
the general economy of Europe will be possible. "
b. Independent American Efforts to Aid Hungary.
Faced with the continued refusal of the Sovist Union to
cooperate, the United States took what steis it could on its
own initiative to improve the economic situation in Hungary
On August 6, 1946 the United States Government returned to
the Hungarian National Bank the $32 million worth of gold
removed by the Germans and subsequently found in the American
zone of occupation. This was done in response to a request
by the Hungarian Prime Minister to the American Secretary
of State in June 1946 that the gold be returned to aid in
the stabilization of Hungary's finances. When the gold
arrived in Budapest on August 6, 1946 the American Ambassador
remarked that the step was "an important contribution to the
goal desired by the people and Government of the United
States de that the Hungarian economy may be promptly restored
so that it may take its place in the economy of Europe and
the world. "
Other steps were undertaken by the United States acting
on its own initiative to aid Hungarian recovery. The com-
manders of the United States zones of occupation in Germany
and Austria were instructed in June 1946 to return identi-
fiable displaced property removed under duress from Hungary
The Government of the United States also granted to Hungary
a long-term credit amounting to $15 million for the purchase
of surplus property. Concrete aid of this sort contrasted
sharply with the "aid" which the Soviet Union claimed to
have granted Hungary. Soviet assistance consisted only of
(RUMA),
is
ARCHIVES RECORDS SERVICE" 2 AND
GOVER
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Context sent to Scholar
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"ocrText": "-II-\nMoreover, the Soviet note maintained that the economic situe-\ntion in Hungary was not as serious as the United States be-\nlieved. On these grounds, the Soviet Union once more refused\nto join with the United States and the United Kingdom in work-\ning out a solution to Hungary's economic problems.\nThe United States Government delivered a final note on\nthe subject to the Soviet Union on September 21, 1946. Arter\nexpressing regret that the Soviet government was unwilling\nto cooperate, the United States observed that \"the American\nrepresentative on the Allied Control Commission for Hungary\nstands ready at any time to consult with his Soviet and\nBritish Colleagues to implement the obligation assumed by the\nthree governments at Yalta by assisting Hungary to stabilize\nits economy and by providing a franework wi th which the IS-\nhabilitation of that country and its early integration wi th\nthe general economy of Europe will be possible. \"\nb. Independent American Efforts to Aid Hungary.\nFaced with the continued refusal of the Sovist Union to\ncooperate, the United States took what steis it could on its\nown initiative to improve the economic situation in Hungary\nOn August 6, 1946 the United States Government returned to\nthe Hungarian National Bank the $32 million worth of gold\nremoved by the Germans and subsequently found in the American\nzone of occupation. This was done in response to a request\nby the Hungarian Prime Minister to the American Secretary\nof State in June 1946 that the gold be returned to aid in\nthe stabilization of Hungary's finances. When the gold\narrived in Budapest on August 6, 1946 the American Ambassador\nremarked that the step was \"an important contribution to the\ngoal desired by the people and Government of the United\nStates de that the Hungarian economy may be promptly restored\nso that it may take its place in the economy of Europe and\nthe world. \"\nOther steps were undertaken by the United States acting\non its own initiative to aid Hungarian recovery. The com-\nmanders of the United States zones of occupation in Germany\nand Austria were instructed in June 1946 to return identi-\nfiable displaced property removed under duress from Hungary\nThe Government of the United States also granted to Hungary\na long-term credit amounting to $15 million for the purchase\nof surplus property. Concrete aid of this sort contrasted\nsharply with the \"aid\" which the Soviet Union claimed to\nhave granted Hungary. Soviet assistance consisted only of\n(RUMA),\nis\nARCHIVES RECORDS SERVICE\" 2 AND\nGOVER"
}