Memorandum to Secretary of the Treasury John W. Snyder from President Harry S. Truman, with Attachments

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7 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