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{
    "localId": "750252",
    "label": "Foreign Affairs File, 1940-1953: China: \"Documents on Diplomatic Aspects of Efforts by the United States to Supply China with Materials of War under the Lend-Lease Act, 1940-47\": Part IV:  1944 - 1947",
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{
    "id": "750252",
    "sourceUrl": "https://catalog.archives.gov/id/750252",
    "contentType": "document",
    "title": "Foreign Affairs File, 1940-1953: China: \"Documents on Diplomatic Aspects of Efforts by the United States to Supply China with Materials of War under the Lend-Lease Act, 1940-47\": Part IV:  1944 - 1947",
    "citationUrl": "https://catalog.archives.gov/id/750252",
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        "Subject Files"
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{
    "seq": 101,
    "pageIndex": 0,
    "type": "photo",
    "url": "https://s3.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602191/750252/750252-01-101.jpg",
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    "ocrText": "DECLASSIFIED\n616\nE.O. 11652, Sec. 3(E) and 5(D) or (E)\nDept. of State letter, Aug. 10, 1972\nDINLTH NARS Date 6.26.75\nFINANCIAL AID AGREEMENT\nWHEREAS the Government of the United Kingdom of Great Britain and\nNorthern Ireland. in pursuance of their policy of the closest co-operation with\nChina in the financial as well as in the military sphere in the war which they\nare waging against their common enemies. have decided to offer certain measures\nof assistance to China\nAnd whereas the Government of the United Kingdom have, by an agreement\nsigned on the 2nd May, 1944, undertaken that they will not claim reimburse-\nment of the cost of any arms, munitions and military equipment which it is\npossible for them to supply for the use of the Chinese Armed Forces:\nAnd whereas the Government of the Republic of China (hereinafter referred\nto as the Chinese Government). for the purpose of prosecuting the war, desire\nto obtain facilities for the purchase of material necessary for national purposes\nin China arising out of the war and to provide for the cost of services in connexion\nwith such purchases and for the cost of other services required for war purposes\nNow. therefore. the Government of the United Kingdom and the Chinese\nGovernment have agreed as follows:\nARTICLE 1.\n1. The Government of the United Kingdom shall make available to the\nChinese Government. at the request of the Chinese Government, sterling sums\nnot exceeding in the aggregate £50 million sterling for all or any of the following\npurposes --\n(i) For payments during the war in respect of the purchase of material\nnecessary for national purposes in China arising out of the war. being\nmaterial which shall be produced or manufactured in countries within\nthe sterling area. and purchased under contracts made by the Chinese\nGovernment before the termination of hostilities with Japan\nSERVICE\"\nand\n(ii) For the cost of services incurred in the sterling area in connexion with\nsuch purchases under contracts made by the Chinese Governmeut\nbefore the termination of hostilities with Japan;\n(iii) For sterling backing to an internal loan to be floated to the extent to\nwhich the use of this sterling would enable the Chinese Government\nto withdraw from circulation redundant purchasing power which\ncould be brought in only by this means, and SO to help to check\ninflation. Provided that (a) both Governments are agreed as to the\nterms and conditions on which such a loan could successfully be issued.\nand (b) the sum SO to be made available shall not in the first instance\nexceed €10 million:\n(iv) For the provision of rupée currency required by the Chinese Government\nto meet the pay and local expenditure of Chinese forces in Iudia and\nBurma\n(v) For the cost of such other services for war purposes incurred within\nthe sterling area as the two Governments may from time to time agree\n2. The method of making available the sterling for the purposes referred\nto in sub-paragraphs (i), (ii) and (v) of paragraph 1 of this Article shall. unless\notherwise agreed between the two Governments be that the Government of the\nUnited Kingdom shal! pay on behalf of the Chinese Government sums payable\nby the Chinest Government under the relevant contracts.\n3 In this Article the expression the sterling area shall have the meatung\nassigned to it for the purpose of the regulations in force in the United Kingdom\nin regard to exchange control provided that, if the Government of the United\nKingdom shall at any time amend the definition of the >terling area for the"
}