The Acting Secretary of State to the Minister in China (Crane)
352. Your 419, December 1, 4 p.m.
Assuming that the proposed loan to the Chinese Government for famine relief involves no public flotation of bonds, the Department concurs in the view that it does not come within the provisions of the Consortium Agreement. The Department assumes that Bennett has discussed the matter with the other Consortium representatives and that they concur in this view; and on this condition it offers no objection. You may so advise Bennett.
Which French bank is referred to in your telegram?
The Department desires to be informed whether proposed customs surtax has received assent of the Powers and if so when does it become effective?