Extracted text

OCR Page 1 of 3
85-le excerpt FROM THE PRESIDENT'S File PRESS AND RADIO CONFERENCE MAY 2, 1946 5-7-46. Mr. Pauley is carrying on in his capacity of Chief of the x383 American Reparations Commission # The resources and industries of Manchuria and Korea are basic to the formation of any long range plan for the peaceful economy of East Asia. x295 Mr. Pauley's interim report on Japanese reparations removals x197 is a splendid plan for immediate action to utilize the productive ability of Manchuria and Korea. At the present time, however, we have little information on their current productive ability, therefore, no final plan or program of reparations for Japan can be evolved until we know more about the resources and industrial installations on the continent, particularly in Manchuria and Korea. x 471 Since both the Secretary of State and I consider this to be a. matter of greatest importance, we have asked Mr. Pauley to undertake this first-hand study of the situation in Manchuria and Korea. The Acting Secretary of State will have a statement on Mr. Pauley's mission. x 36 BROWNES E x 36 x 36-B 36 x 150