893.51/3094: Telegram
The Acting Secretary of State to the Minister in China (Crane)
356. Messrs. Sullivan and Cromwell complain that contrary to terms of Pacific Development loan contract of November 28 [26], 1919,32 the Chinese Government has failed to deposit the necessary interest with the Chase National Bank which was due December 1st. It is desired that you bring this matter to the attention of the Chinese Government pointing out the very serious effect which such a default has upon the financial credit of China and upon any measures of financial assistance which may be in contemplation. You should urge the immediate remedying of the default.