Depends on both the paper and the type of ink. If it's a book then the
existing text will be probably carbon black based, if the ink is
coloured, then it's probably dye based. Dye based inks fade under
UV light, carbon black doesn't. So, although suitable UV sources are
rather specialised discharge tubes, based on quartz envelopes, it
might be possible to selectively fade a dye based coloured ink.
Such sources also generate a significant amount of Ozone, itself
an active fading agent.
It is not possible to give advice without further information
about the paper and ink. Paper is a very broad term, book, newspaper, bond,
laid, coated, there is an extensive list, all with their individual
characteristics, often tailored to specific applications, like banknote
paper. Perhaps that is what he is interested in, he has a load of brightly
coloured bank notes.
Having specialised in the shorter, more photo active end
of the UV spectrum, some colours, and coloured plastics, can be bleached
in a few days, with a high enough intensity, of the right wavelength.
One could of course generate the UV in a vacuum chamber and
enclose the paper in it, thereby getting rid of the absorbtion
of the quartz envelope, a problem as you move further into the
extreme UV.