The United States military has been building up forces on the U.S. territory of Guam to increase deterrence and power projection for possible responses to crises and disasters, counter-terrorism, and contingencies in support of South Korea, Japan, the Philippines, Taiwan, or elsewhere in Asia. But the defense buildup on Guam is moderate. China has concerns about the defense buildup. Guam's role has increased with plans to withdraw some U.S. forces from Japan and South Korea. This report describes in brief detail the various cooperative efforts, including financial efforts, undertaken by the U.S. and the above nations.

Letter from Fred H. Rayner to Harris Leon Kempner mentioning a few things while he's still in Taipei. He mentioned that they got a letter from The Pacific Commerce Company on May 18th. He also mentions about the cotton sales to them and then says that their business has picked up in Orleans and Texas.