File No. 893.51/1774

The American Group to the Secretary of State

Sir: Referring to your letter to us of April 5 last, in which you advised us that you were giving consideration to the matter of a proposal for a supplementary Reorganization Loan to the Chinese [Page 130] Government, and would inform us later of the Department’s opinion relative thereto, we would state that we have now received the following cable from our London house:

Your 2003. In view of termination Sextuple Agreement 18th June and possible complications arising thereafter Addis would personally greatly appreciate expression your views as to likelihood of Administration authorizing Group to undertake proposed advance.

We would greatly appreciate any expression of opinion which you may find it convenient to give us on this subject.

The American Group,
By J. P. Morgan & Co.