Document Type: 
Document Number (FOIA) /ESDN (CREST): 
Release Decision: 
Original Classification: 
Document Page Count: 
Document Creation Date: 
December 21, 2016
Document Release Date: 
June 20, 2008
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Case Number: 
Publication Date: 
May 29, 1951
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PDF icon CIA-RDP57-00384R000700010024-9.pdf55.29 KB
Approved For Release 2008/06/20: CIA-RDP57-00384R000700010024-9 CIA No. 62'5 Copy No. / of 2 copies. TOP T~F;b7ORANDUM FOR THE FILES SUBJECT: Fiscal Year Adjustments 1. 29 May 1951 REFERENCE: TS Cable No. 3463 from Manila to Sec/State for Treasury, received 4 May 1951 1. The American 'hassy in Manila, together with ECA, Treasury and Army, is negotiating financial assistance to be given by the United .'Mates to the Philippines under the Mutual Defense Aid Pact. Apparently, negotiations have arrived at a point where everything de- pends on the precise amount of money to be available to assist the Philippines in supporting the military part of their budget. Conse- quently, Army has asked that "10,000,000 be allocated to the Chief, ADV, JUSTuAO in the Philippines, with assurance that these funds would not revert to the Treasury. 2. It is felt dependence cannot be put on the position of the Legislative Branch towards making funds available after 30 June. It is clear from the message that actual expenditures from the `;10,000,000 will not be made until Fiscal Year '52 but that they are asking for an allocation of '51 funds. 3. I have asked the Cable Center to keep an eye on the reply to this request as I think it might be interesting to see the approach of the Treasury Department to such a problem. h. Since the 10,000,000 would be spent either for purchase of pesos for Philippine importers or for direct purchase of pesos or for dollar purchases by the Philippine Procurement Mission in New York, I can see how it may be possible to work out an obligation of Fiscal Year '51 funds which might be acceptable to the Comptroller General. LAWRENCE R. HOUSTON General Counsel cc: Comptroller 720 ..2) State Dept. review completed ARMY Review Completed TOP SEC T Approved For Release 2008/06/20: CIA-RDP57-00384R000700010024-9