Papers Relating to the Foreign Relations of the United States, 1920, Volume I

893.51/2895: Telegram

The Secretary of State to the Chargé in Japan (Bell)⁹

Washington, July 27, 1920—5 p.m.

286. Department’s November 29, 1 p.m.¹⁰ Under date of July 20th the American Group and the Pacific Development Corporation informed the Department that arrangements had finally been completed for the taking over by the former of the Corporation’s option under the loan contract entered into between the Corporation and the Chinese Government on November 26, 1919.¹¹

On July 24th, the Department informed the Group and the Corporation that in view of the arrangements agreed upon between them, the Department is now prepared to recognize and support the loan contract of November 26, 1919. It will be observed, therefore, that the Pacific Development Corporation loan is now merged into the Consortium. On the same date a telegram⁸ was sent to the American Legation at Peking asking to be informed whether the Chinese Government has granted an extension of the option under the contract or whether it has been agreed that it shall run for a period of seven months after the American Associate Inspector of the Wine and Tobacco Administration enters upon his duties.

You will communicate the substance of the above to the Japanese Government.

Colby

9. The same, mutatis mutandis, July 29, 6 p.m., to the Ambassador in Great Britain as no. 799, with instructions to repeat to Paris as no. 1309.
10. Foreign Relations, 1919, vol. i, p. 541.
11. Ante, p. 606.
8. Not printed.