493.11/1646
The Minister in China (Johnson) to the Secretary of State
[Received August 1.]
Sir: Referring to the Legation’s telegram No. 774 of July 6, 1 p.m., and to previous correspondence on the same subject, I have the honor to transmit herewith a copy of a resolution73 adopted by the Board of Trustees of the China Foundation for the Promotion of Education and Culture at its eighth annual meeting, held at Peiping on July 1, 1932.
This resolution refers to the suspension of the American portion of the Boxer indemnity payments, pointing out that this suspension for one year entails a loss in interest to the National Tsing Hua University of some $483,000 Mex., and to the China Foundation of $189,000 Mex., and that between the years 1932 and 1941 Tsing Hua [Page 621] University would, at compound interest, suffer a loss of $5,000,000 Mex., and between 1932 and 1946 the China Foundation would suffer a loss of $3,750,000 Mex. The resolution concludes as follows:
“Be it resolved, that the Board of Trustees of the China Foundation assembled at its Eighth Annual Meeting wishes to place itself on record as being strongly opposed to a renewal of a similar suspension in the future and further wishes to express the fervent hope that the losses thus sustained by the National Tsing Hua University and the China Foundation will, in some way, be made good by the Chinese Government.”
Respectfully yours,
- Not printed.↩