893.51 Salt Funds/57: Telegram
The Secretary of State to the Minister in China ( Johnson )
190. Your 429, June 10, 5 p.m.50 1. Department has been following with interest the Legation’s reports regarding the action taken by the so-called Shansi faction in the matter of sequestrating salt funds on deposit at Tientsin and regarding the efforts of the foreign district inspector to safeguard especially that portion of the revenue which should be set aside for loan services including Hukuang Railways loan.
2. Referring to the desire of the foreign district inspector that the American Consul General at Tientsin support his efforts, you are informed that the Department does not believe that it would be expedient to make representations to the northern leaders in the manner suggested. The Department is gratified to note that the northern leaders seem disposed to keep intact that portion of the salt revenues in question which should be used to meet the service of the Hukuang loan even though not permitting its release. You are informed that the Department has been notified of the receipt in the United States from China on June 3 of funds to pay certain coupons of the Hukuang Railways loan in arrears due in 1926 and 1927.
- Not printed.↩