Harold Lady proposes changes to the Korean government's methods of managing inflation and paying contractors.

Harold Lady suggests speeding up negotiations for a treaty of friendship, commerce and navigation with the United States.

Harold Lady sends a draft of a letter from the Minister of National Defense to General Taylor regarding direct forces support.

Harold Lady reports on the status of negotiations with Kosco and the United States Foreign Operations Administration (FOA) for a petroleum contract.

Lady emphasizes establishing a convertible currency to stabilize the Korean economy.

Notes concerning the agenda for Syngman Rhee's meeting with Hoover and Hollister concerning the Korean budget for fiscal year 1956.

Harold Lady writes regarding his decision to leave Japan because of issues with the State Department.

Harold Lady writes about a proposal to raise the price at which the Korean government sells aid materials to the public. He suggests that the US military should stop using military script as currency in Korea.

Harold Lady replies to Syngman Rhee's request for information on selling iron scrap to raise money for the Republic of Korea. He encloses a sample contract from the CDT corporation.