Mr. Richard M. Nixon Page 6 May 4, 1973 government simply presented the Bikinians with a completed, nonnegotiable document entitled “Agreement in Principle Regarding the Use of Bikini Atoll:. The agreement specified that the United States would give the Bikini people $325,000 and use rights on Kili and some islands in Jaluit, in return for use rights to Bikini atoll. It appears that the 25,000 one dollar bills taken to Kili with the dcument had the intended effect -- The Bikini people accepted the proferred agreement. $25,000 was given in cash, to be divided among the people, and $300,000 was to be set aside in a trust fund. The Trust Fund has been a miserable failure, and is one of the primary reasons for th continued grievance of the Bikini people. The Trust Fund was to be established with $300,000, according to the "Agreement in Principle": ". . . (b) the remaining $300,000 to be placed in a trust fund to be established and administered by the High Commissioner . . ." In contrast to what the agreement says, the facts appear to be that a good deal less then $300,000 was put into the Trust Fund. About 1970, the sale of the govern- ment bond that constituted the Bikini Trust Fund yielded only $196,000. Had the bond be allowed to mature, it would have yielded $309,000 in 1983. But a statement of yield is a far cry from what the "Agreement in Principle" promises. The people of Bikini want to know what has happened to the balance of the money allegedly invested for them. If the money was invested, what sort of trustee have they who would allow a $104,000loss over the years? If the money was not invested, then the $100,000 or more that was omitted should be added to the Trust Fund now, with interest. The income that has been derived from the Trust Fund is minimal. Until an amendment to the original agreement was made in 1971L, the Trust Fund earned only 3 1/3%interest. Even now the income is only 9,035.28 per year, and amounts to no more than a pittance when divided among the Bikini people twice a year -in fact, it comes to about $12.00 for each person. having such a Trust Fund are obviously quite small. In August, 1968, The joys of President Lyndon Johnson announced that some of the islands on Bikini atoll would be cleaned up and returned to the people of Bikini for resettlement. Certainly this was a day of rejoicing for the Bikinians, but subsequent events concerning the rehabilitation of their atoll have left them cynical and demoralized. The rehabilitation project has been bungled from the beginning. In 1970 the Bikini people met with Trust Territory representa- tives to tell them that the contractor the Trust Territory had selected for the rehabilitation project was unacceptable. The