FISCAL YEAR ADJUSTMENTS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP57-00384R000700010024-9
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 1
• Document Creation Date: December 21, 2016
• Document Release Date: June 20, 2008
• Sequence Number: 24
• Publication Date: May 29, 1951
• Content Type: MF

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