Papers Relating to the Foreign Relations of the United States, 1921, Volume I

893.51/3607

The American Group to the Secretary of State

New York, December 2, 1921.
[Received December 3.]

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 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

Respectfully,

J. P. Morgan & Co.
For the American Group

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