61 STAT.] SWEDEN--RECIPRlOCAL TRADE--JUNE 24, 1947 past)). With regard to balances accumulated from the same sources in the past, transfer will be authorized unless the funds in question have been voluntarily invested in Sweden. The appropriate agencies of the Swedish Government, moreover, will examine carefully with due regard to the Swedish exchange posi- tion requests for transfers of capital from Sweden to the United States when transfers of that type might serve a useful commer- cial and economic purpose, and where transfers of small amounts are of substantial importance to the interested parties. They will examine in the same spirit requests for transfers of funds to the United States filed by American nationals residing in Sweden. b. The Swedish Government or the appropriate agencies thereof will likewise continue to authorize persons residing in Sweden who without having violated Swedish law owe bona fide dollar obliga- tions to any governmental agency, individual or firm in the United States, to discharge such obligations when they are due, and if necessary, it will authorize such persons to purchase dollars for that purpose. If unforeseen circumstances require temporary modification of the principles set forth above, the Government of Sweden, in accordance with the provisions of its memorandum of June 24, 1947, will review the situation with the Government of the United States. Sincerely, HERMAN ERIKSSON Mr. WILLARD L . THORP, Assistant Secretary for Economic Affairs, Department of State, Washington, D.C. The Assistant Secretary for Economic Affairs to the Swedish Minister DEPARTMENT OF STATE WASHINGTON June 24, 1947 MY DEAR MR. MINISTER: I am pleased to have received your letter of June 24, 1947, setting forth the policies which the Swedish Government will follow in accom- plishing the registration and control of foreign exchange and the restriction of capital movements. I take pleasure in stating that the provisions of this letter are accept- able to the Government of the United States. Sincerely yours, WILLARD L THORP The Honorable HERMAN ERIKSSON, Minister of Sweden. 3749
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