861.77/2146: Telegram
The Chargé in Japan (Bell) to the Secretary of State
[Received July 9—12:05 p.m.]
238. Following telegram from Peking:
“249. July 8, 6 p.m. Your 181, June 28, 5 p.m. Information confirmed, Board of Directors has now approved in principle issue up to about 25 million bonds of which 13 million to go to the Chinese Government. Exact amount still undetermined, rate of interest probably 5 percent, heavy discount, details to be settled in Harbin. … Vice President Latchinoff replaced on Board by a friend of Ostrougoff. Chinese Government while willing assure cooperation with the Technical Board in general preferential [sic] is apparently not disposed to give blanket assurance support views of the Board in regard to the bond issue without more detailed information as to such. Am requesting further information on that point from Stevens. Shall report further.”