Weekly Letter
The bill now under consideration,
which will be known as the Surplus
Property Act of 1044, was developed
out of the studies conducted b? the
House Special Committe on "Postwar
Economic Policy, and Planning. Rec
ommendations in the Baruch Report
are also found included in the text.
As a matter of fact, the above men
tioned committee, as long ago as May
27, 1943, reported a comprehensive
bill to the House (H.R. 2795). This
bill was passed by the House on June,
9, and is now pending in the Senate.
However, with the passage of time,
the rabid changes in the war procure
ment program, the resultant large
number of contract terminations, and.
the progress of the war with Ger
many, "the temporary problem of dis
posal of current and future war sur
pluses has currently over-shadowed
the permanent matters dealt with in
wartime to peace-
and of individuals
peacetime employ-
H. R. 279#.
On February 19. 1944, the Presi
dent created by Executive Order, in
the Office of War Mobilization, a
Surplus Property Administration. W.
L. Clayton was named administrator
of this agency, in which capacity he
continue to function.
It has become more and more ap- I
A CO Ü STI CON
St g WTGÀtf