893.51/5713
The Secretary of State to J. P. Morgan & Company, of New York
Sirs: The receipt is acknowledged of your letter of October 18, 1932, and the enclosures therewith, in regard to a request from the Chinese Ministry of Railways that a second series of bonds in amount of £4,000,000 be issued by the signatories to the original Hukuang Railways Loan contract of 1911.
In this connection the Department notes the position assumed by the American Group, as indicated in your cable No. 2370 of October 6, to Morgan Grenfell and Company of London, and appreciates your offer of continued cooperation in making known to it any further developments in the situation which may come to your attention.
Very truly yours,
Chief, Division of Far Eastern Affairs