Detailed agreement on the price of scrap collected in Korea, and arrangements for shipping.

During the second Dulles-Rhee conference, President Rhee and Secretary Dulles led the discussion with the subject of Korean rehabilitation. Rhee makes a few suggestions that both sides should consider if Korean reconstruction should take place. These suggestions include: 1) rehabilitating Korean productive industry, 2) directly allocating money for Korea’s rehabilitation instead of doing so through the reconstruction of the Japanese economy and, 3) prevent the importation of Japanese technicians to Korea. Dulles answers he will consider Rhee suggestions, however, the US will continue to aid Japan to prevent losing her to communism.

Following the ratification of the Armistice Agreement and the Mutual Defense Treaty, President Rhee conveys that he expects the Armistice to fail because the communists will “undoubtedly” violate it and undermine Korean independence. Rhee wants to renew war to secure victory but most importantly to strengthen the ROK-U.S alliance. Following the memorandum he makes twelve points ranging from topic like Korean rehabilitation to prisoners of war from the Korean War.

President Rhee once again suggests that the US government should increase the ROK defense forces. It will not only be cheaper to fund Korean (over American) divisions, it also means that Americans do not need to fight in Korea. Rhee then negotiates that if the US government implements the necessary military buildup aid, he too will not take any “unilateral action” for or against the future Geneva Conference until after it has been in session. Finally, Rhee advocates his disapproval of US interest to build up Japan.

Syngman Rhee writes to General James A. Van Fleet to express his dissatisfaction with the United States' defense committment to South Korea and the rest of the free world. After describing his own "plan for military action" on the Korean Peninsula, Rhee also touches on South Korea's delicate relationship with Japan.