740.00119 FEAC/9–2349: Telegram
The Acting Secretary of State to the Acting Political Adviser in Japan (Sebald)
462. Subj is 164th FEC Mtg, 15 Sept.
Release of Earmarked Gold in Jap.1
W94334 Sept 15 reported US statement and result of voting. NZ, Chi, Phil, Indian, Sov and Austral Reps made various statements calling for withholding issuance of US directive until matter cld be considered and decided by FEC. Austral motion to this effect defeated by negative vote of US.
Level of Economic Life in Jap.
Sov Rep noted that provisions of Para 9 of FEC 084/21 on maximum productive capacity in war supporting industries expires on 1 Oct 1949 and proposed that Comm adopt a new policy decision or extend expiring date. Action postponed.
Restitution of Looted Property.
Phil Rep noted that under Para 8 of FEC 011/51, 1 Oct 1949 is the date for distribution of the proceeds from secured funds of unidentified looted property. He proposed extension date until 1 Jan 1950. Ad Hoc Commite appointed to prepare recommendation to Comite.
Sov Queries re Fishing Area Inspection.
This data furnished in W94426, 17 Sept.