893.24/7–147
The Director of the Office of Financial and Development Policy (Ness) to the Chairman of the Chinese Supply Commission (Wang)
My Dear Dr. Wang: This is to acknowledge with thanks your letter of July 1, 1947, enclosing a check of the Chinese Supply Commission of $2,820,020.32 in payment of the principal and interest due on July 1, 1947 under the “Agreement between the Governments of the United States and the Republic of China on the Disposition of Lend-Lease Supplies in Inventory or Procurement in the United States”, dated June 14, 1946, and known as the “Pipeline” Agreement.
The check has been transmitted to the Treasury Department with instructions to deposit it in a special account so that, in the event that the lend-lease settlement negotiations should result in any modification of the Pipeline Agreement, any agreed portion of this payment could be refunded to the Government of China. This is to conform with the suggestion contained in the second paragraph of your letter.
Sincerely yours,