803.51/3574: Telegram

The Minister in China ( Schurman ) to the Secretary of State

393. Your telegram 291, October 31, 8 p.m. Following translation of the note dated yesterday from the Foreign Office:

“I have the honor to observe with reference to the loan made by Chicago Bank, the Chinese Government because of the fact that this loan has reached its due date without being repaid is greatly perturbed and is also giving great attention to the matter. Already Ministry of Finance has exerted itself to the utmost to devise means to make a new contract with the bank in the hope that an entirely satisfactory settlement may be arrived at. Minister of Finance has already expressed this to Your Excellency as the records show.

I have the honor to request that you take note of this and hope that you will in turn request your Government to urge the bank to show leniency in order to facilitate completion of the negotiations.”