The American Group to the Secretary of State

Sir: Referring to our letter of November 28th89 with respect to the proposed extension of the Pacific Development Corporation loan to China, we beg to state that the Chinese Government paid the interest [Page 397] due the Corporation on December 1st, and the lending banks in the American Group have approved the extension of the Corporation’s note held by them for six months on the terms outlined in the two letters of November 25th and November 28th from the Corporation to the Group, copies of which are attached.90


J. P. Morgan & Co.
For the American Group
  1. Not printed.
  2. Not printed.