893.51/2102: Telegram
The Minister in China (Reinsch) to the Acting Secretary of State
[Received 8.49 p.m.]
My telegram January 16th, 7 p.m. Minister of Finance informs me that conditions of Sakatani’s proposed appointment [omission] rank and salary are that he shall be given a secretariat of his own appointment of experts and clerks to be used in investigating currency matters. It was intimated to me that as the negotiations for retaining Sakatani originated in connection with the advances on the reorganization loan made by Japan and as these advances were now being gradually repaid, that the definite appointment of [foreign?] currency adviser might very well wait until currency loan negotiations have actually been taken up and all parties interested can be consulted. Japanese Minister however is pressing very strongly for the conclusion of the contract with Sakatani, and as he states that the Governments concerned have agreed, the Chinese [Page 558] official[s] could not resist his importunities unless informed that one or more of the powers concerned desire to have this matter settled only after fuller consultation.