893.50 Recovery/3–1549: Telegram

The Secretary of State to the Ambassador in China (Stuart)

344. Article 5 para 7 ECA Bilateral Agreement86 requires that unencumbered balance remaining in Special Account on April 3, 1949, be disposed of as agreed between governments of U.S. and of China, it being understood that agreement of the United States is subject to approval by Act or Joint Resolution of Congress.

Believe it unnecessary raise this question in Congress at present time. No reference to the Special Account is being made in material about to be presented to Congress dealing with extension of ECA program in China.87

Accordingly, request you negotiate amendment to Bilateral through exchange notes postponing date of final agreement this matter from April 3 until Dec. 31, 1949.

  1. Signed at Nanking, July 3, 1948, Department of State, Treaties and Other International Acts Series No. 1837; or 62 Stat. (pt. 3) 2945. For correspondence on negotiation of agreement, see Foreign Relations, 1948, vol. viii, pp. 506 ff.
  2. For correspondence on this subject, see pp. 599 ff.