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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",
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    "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",
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    "ocrText": "DLC.\n792\nE. O. 11652, Sec. 3(E) and PID, 8i (9)\nDept. of State letter, Aug. 9, 1973\nNLT- HC , NARS Date 6-26-75\nSECRET\n792\n-2-\nMemorandum follows.\n\"1. The American plan for aid to China should be a long-\nrange four-year project, the purpose of which would be to\nassist China to achieve political and economic stability,\nincluding currency reform. To attain this object, the\nfunds for relief and rehabilitation to be obtained from\nthe US would require 500 million US dollars for the first\nyear, the same amount for second year, 300 million US dol-\nlars for third year, and 200 million US dollars for fourth\nyear, totalling one and half billion US dollars.\n\"2. With regard to the relief fund obtained under the plan,\nThe Chinese Government should appropriate a fund in Chinese\ncurrency, equivalent to the value of relief commodities sup-\nplied by the US. This fund should be put to such uses as to\nbenefit production and to curb inflation. There should be\nconsultation and agreement between China and US in mapping\nout schemes for spending of this fund; and the American Govern-\nment should receive full information concerning its actual\ndisbursement.\n3. China will, on her accord, employ experienced American\npersonnel to assist her in the planning for financial, mone-\ntary, and other administrative reforms. She will likewise\nemploy American technical experts to participate in the exe-\ncution of certain construction undertakings. The Chinese\nGovernment itself will express the aforesaid intention to the\nAmerican Government at an appropriate moment, with request\nthat the latter will assist in the selection of such personnel.\nThe employment of these personnel will not, however, be made an\ninternational legal obligation of the Chinese Government in\norder to avert infringement on China's sovereignty and ad-\nministrative integrity.\nSECRET\nARCHIVER HATIONAL RECORDS DERVICE AND"
}