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778 - 2 - accounting is ultimately rendered to the FLC, the enclosed date will be supplemented by support ne voueners showing payments by the Central Trust to the owners or contractors. Reference to Article 6b (2) of the Surplus Agreement will show that the fund of US$35,000,000, zhich the Chinese Government agrees to make svailable to t.he United States Government, is divisable into two cetegories. For purposes of convenience in dealing with the Centrel Trust, these have been desi-nated as "Fund A", which is that portion of the totel of $35,000,000 peyable for real estate and improvements thereto including new construction, and "Fund B" or the fund of $2,000,000 which the Chinese Government. egrees to make evailable annually 1or the peyment of J.S. governmental expenges in Chine. Pending legisletion by the American Government which will make it possible to craw end make general ufe of local currency, the Embassy has confined use of the letter fund ("Fund b") to a few payments made by the Centrel Trust directly to vendors for such items E.S house furnish- ings and coel for the Embassy. Hovever, in view of the willingness of. the Central Trust to make such payments in kind, which. eppear not to contrevene existing LEFE relsting to the use of proceeds of surplus sales, the Depertment may wish to instruct the Embarsy to extend the use of this facility pending the enactment of legiclation to implement Public Law 547. Respectfully yours, Fór the Ambassador: W. Walton Butterworth Minister-Counselor of Embassy Enclosure: 1. Schedule of Payments under "Fund A" from December, 1946 through March 31, 1947. 2. Schedule of Payments under "Fund B" from Februery, 1947 through March 31, 1947. "NATIONAL Original and Ozaldd to the Department. s RECIVIVES RECORDS SERVICES AND Copies to: Consulate General, Shanghai Foreign Liquidation Commission, Shanghai w. T. Turnersepm 124.1

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    "ocrText": "778\n- 2 -\naccounting is ultimately rendered to the FLC, the enclosed date will\nbe supplemented by support ne voueners showing payments by the Central\nTrust to the owners or contractors.\nReference to Article 6b (2) of the Surplus Agreement will show\nthat the fund of US$35,000,000, zhich the Chinese Government agrees to\nmake svailable to t.he United States Government, is divisable into\ntwo cetegories. For purposes of convenience in dealing with the Centrel\nTrust, these have been desi-nated as \"Fund A\", which is that portion\nof the totel of $35,000,000 peyable for real estate and improvements\nthereto including new construction, and \"Fund B\" or the fund of $2,000,000\nwhich the Chinese Government. egrees to make evailable annually 1or\nthe peyment of J.S. governmental expenges in Chine.\nPending legisletion by the American Government which will make it\npossible to craw end make general ufe of local currency, the Embassy has\nconfined use of the letter fund (\"Fund b\") to a few payments made by\nthe Centrel Trust directly to vendors for such items E.S house furnish-\nings and coel for the Embassy. Hovever, in view of the willingness of.\nthe Central Trust to make such payments in kind, which. eppear not to\ncontrevene existing LEFE relsting to the use of proceeds of surplus\nsales, the Depertment may wish to instruct the Embarsy to extend the\nuse of this facility pending the enactment of legiclation to implement\nPublic Law 547.\nRespectfully yours,\nFór the Ambassador:\nW. Walton Butterworth\nMinister-Counselor of Embassy\nEnclosure:\n1. Schedule of Payments under \"Fund A\" from December, 1946\nthrough March 31, 1947.\n2. Schedule of Payments under \"Fund B\" from Februery, 1947\nthrough March 31, 1947.\n\"NATIONAL\nOriginal and Ozaldd to the Department.\ns RECIVIVES RECORDS SERVICES AND\nCopies to: Consulate General, Shanghai\nForeign Liquidation Commission, Shanghai\nw. T. Turnersepm\n124.1"
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