895.51/12–347: Telegram

The Acting Secretary of State to the Economic Adviser in Korea (Bunce)

top secret

295. No new directive planned at this time on disposal large vested industries reurtel 498, 3 Dec 47.3 Present wording SANACC directive now under consideration is “The present program for the disposition of small vested Japanese commercial enterprises and urban residences should be continued in such a manner as to be susceptible of eventual completion by a new Korean Govt. Public announcement should be made at an appropriate time that title large vested industrial properties will be transferred such govt.”

Foregoing for your info. Believed wording conforms recommendations urtel.

  1. Not printed.