895B.10/9–1951: Telegram
The Acting Secretary of State to the Embassy in Korea
222. Amb Yang today discussed with Merchant suspense acct question.1 He was informed confidentially US has agreed in principle release that portion won advances arising from purchases won by individual members US forces through Jul 31. Amount involved approx $12,000,000. Details of transfer including nature of receipt still being worked out. Hope within week or ten days be able effect actual transfer funds at which time joint public statement may be issued.
Amb Yang asked us notify Emb in order everything possible be done avert dispatch mission to US to negotiate this matter. He believes unfavorable public reaction in US would result from such mission.
- The conversation actually took place on September 18, which was the drafting date of this telegram.↩