893.51/2573: Telegram
The Chargé in China (Tenney) to the Secretary of State
Peking, December
9, 1919, 4 p.m.
[Received December 9, 3 p.m.]
[Received December 9, 3 p.m.]
Referring to Department’s telegram of December 8 [4], 4 p.m. I informed bankers on their arrival the Legation could not support loan without instructions from the Department. Bankers decided to go ahead without waiting for approval of the Department. The Chinese Minister of Finance informs me that the five million has already been paid by Pacific Development Corporation. Reorganization of Wine and Tobacco Administration is understood to be proceeding according to the terms of the loan agreement.
Tenney