Memorandum to Secretary of the Treasury John W. Snyder from President Harry S. Truman, with Attachments
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OCR Page 1 of 57
THE WHITE HOUSE
WASHINGTON
JUN 2 1948
My dear Mr. Secretary:
Pursuant to the authori ty of Section 404(b) and Section 406
of the China Aid Act of 1948 (Title IV, Public Law 472, 80th Congress),
I hereby allocate to you the sum of $13,500,000 out of the funds
advanced by the Reconstruction Finance Corporation to carry out the
provisions of the said China Aid Act of 1948. Please take the
necessary steps to effect this allocation.
Out of the funds allocated hereunder disbursements are to be
made by you to the Chinese Government upon certification by the
Department of State that the amounts requested are supported by
invoices submitted by the Chinese Government, which the Department
has examined to determine that the request is not in excess of the
total represented by these invoices. A record of these disbursements
should be forwarded monthly to the Department of State.
The Secretary of State will further advise the Chinese Government
to furnish him monthly reports showing in as much detail as practicable
the purposes for which expenditures have been made out of the funds
made available under the authority of Section 404(b) of the China
Aid Act of 1948.
At such time as appropriations may become available for the
purpose of carrying out Section 404(b) of the China Aid Act of 1948,
further allocations will be made out of such appropriations, to be
disbursed in accordance with the terms of this letter.
Sincerely yours,
The Honorable
The Secretary of the Treasury
Wt 760 Mu 6-7-48
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