1. Settlement of terminated war contracts__. Workable plan sought-Joint Contract Termination Board— Approved by all procurement agencies-Basic principles of speed, finality, and protection of government-Danger of ComptrollerGeneral's review before payment-Vigilance against fraudSettlements by teams-Written reports-Other safeguards— Training schools-Need for interim financing pending settlement "A complete financial kit" to do the job-T LoansSmaller War Plants Corporation Loans-Direct Government Loans 90 percent advance-Pre-termination preparedness— No blank checks-Complex problems of subcontractors—Immediate payments to subcontractors-Uniform article for subsQuick validation of nuisance-size claims-Legislation neededExperiment with Company-wide settlements-60-day clearance of plants-Functions of Chairman of Joint Board-An independent civilian-Contractors' part-Importance of basic approach to settlement-no padding of claims-no blackjacking of busi ness. 2. Surplus property- Immediate surpluses developing-Speedy action needed-Com- · ing months easiest for disposal-Kind of organization needed— Surplus Property Administrator-Surplus Property Policy Board-Disposal outlets-Consumer goods-Capital and producers' goods-Ships and maritime properties-Food-Central policies Use of industry committees-Functions of Surplus Property Board-War Production Board-Relation of surpluses to industrial controls-Use of existing field force-Legislation for disposal-Administrator to report to Congress— Choice of Administrator-Qualities of man-Leasing-Sale on Credit Right to exchange properties-No hidden subsidiesSales in small lots-Keep America strong-Timing vital-Reduce 575025°-44- -1 III national debt-Preference to local ownership-Goldfish Bowl 8. Tightening the mobilization machine_. Demobilization inseparable from war at this time-War adjustments already being made-Over-all direction by Office of War Mobilization-New agency unwise-Conflict with war-Difficulties in staffing a new agency-Too much Government overlapping-Reduce Government as work dwindles—General tightening of operations needed-Running conspectus-Review of requirements Strengthening of industry advisory committees— Exchange of information between Armed Services and civilian agencies-OPA-Foreign Policy-Role of Congress-Balancing the program-Expansion of civilian uses-Cut backs on raw material production Stockpiling dangers-Stock piles of strategic reserves -"X Day" planning-Review of wartime controls-Extension of needed war powers-Forecast on resources-Civilian priority list-Chain of materials-Chain of industrial integration-Fair competition-Physical reconversion-Advance tooling-Human side-"Work Director"-Veterans-Labor force. PART V Page 69 8. Text of accompanying statement of principles on cost determination___ 4. Directive order making them effective _ APPENDIX 1. Joint Contract Board's statement of policy on termination financing. 91 APPENDIX 2. Joint Board's statement of policy as to removal and disposition of property in connection with contract termination__ APPENDIX 8. Summary of roles assigned agencies 98 102 SUBJECT INDEX__ 105 IV |