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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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Document data
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- 750252
- Core
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- Type
- document
DTO data
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Context sent to Scholar
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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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