Document Type: 
Document Number (FOIA) /ESDN (CREST): 
Release Decision: 
Original Classification: 
Document Page Count: 
Document Creation Date: 
December 9, 2016
Document Release Date: 
July 18, 2000
Sequence Number: 
Case Number: 
Publication Date: 
March 27, 1958
Content Type: 
PDF icon CIA-RDP80-01370R000300070052-5.pdf190.57 KB
Approved For Release 2 bPisi6 .31 R0003ooprokR51958' vows TA /013C 195$, Ness discussed two questions raised by Mr. in Connection with the currently proposed revision of Comptroller Instruction No. 17, Paragraph 7a (3) of the proposed revision provided for the continuance of an existing provision of Comptroller Instruction NO. 17 to the effect that collections identified as sist profits of projects should be treated as Miscellaneous aseelpts. advanced the view that the present policy of treating refunds from projects (paragraph 4* (a) of C. I. MO. 17, revised) as reverse expenditures also should be followed with respect to not profits of prOects returned to the Agency in the form of operating dividends. Muter this policy, collections by the Agency representing net pro- fits of projects should be treated as Misoollaneous Receipts Agency*** investment in the project has been view was predicated on the saphy that under present concepts the funding ld be considered a continuing activity until e project - therefore returns of funds of any character befor, liquidation should be offset against ly made. This concept will provide comparable reoords between a project which retains resulting reduction in now funds injected and a project which returns funds to the e result that a correspondingly greater amount t be injected into the project to carry on It was Concluded that the proposed C. I. No. wised to give effect to views in 3. Paragraph 7a (4) of the proposed revision provided e continuance of an existing provision of C. I. No. the effect that interest on leens and notes should be as Miscellaneous Receipts. COnStstent with the tf 3 I 00C 3,5 REV gym /fr 8q18915 08111 COMP OPI TYPE 4-1 ORM CLASS PAGES S REV CLASS JUST .%'? CO" NEXT REV c??V,/ AUTHI HR 10.2 Aidizia-4,90eille1ease 2002/Ob1ft2 ?retikwREW*0-01-3.7-0R909.3009-70G62-5- 25X1A9a 25X1A9a 25X1A9a 25X1A9a 25X1A9a 25X1A9a 411ftemor 25X1A Approved For Release 2002/05/02 : CIA-RDP80-01370R000 low in par (meted on ection off shoe 2 above, it vas in instances 'where a transaction be applied as a h writ., off until it is fully offset. 41. tequet to the nesting, we reviewed Mr. Souston's moorsodno of jun. 1954 in which the following sentence 110941ers: should be noted that funds in this fic. be idoatif ted as net profits of a transferred to Miscellaneous Receipts." e conclusion stated in paragraph 2 above *tent with the above quoted sentence its to mean funds recovered by ads invested in a particular project it disowned with on uded that we should submit CL1. Vo lines proposed, to him for signature 25X1A9a inal determination on the matter. Mt. ed instruction as submitted. Approved For Release 2002/05/0 80-01370R000300070 25X1A9a