The Chief of the Division of
Economic Security Controls (Rubin) to the Acting Chief of the Division of Economic
Security Controls (Oliver)1
Victory 480. For Oliver from Rubin.
President has sent to General Clay memo2 stating agreement of Big Three to issuance of decree vesting German foreign assets, and directing that ACC (Allied Control Commission) be urged to adopt decree. Memo states that President regards it as urgent that control and power of disposition over German external assets be obtained. Draft of decree already sent to you3 has been amended by striking [Page 969]portion which previously set up a special board (with US and UK represented) to direct the vesting body.