493.11/1738: Telegram

The Acting Secretary of State to the Minister in China (Johnson)

205. Your 526, June 14, 1 p.m., last paragraph.

Department approves.
Letter under date June 14 from New York office of Andersen, Meyer quotes its Shanghai office as follows:

“Minister of Railways indicates is willing to make similar agreement (as with British creditors) however it is reported Tientsin-Pukow Railway has already defaulted their May payment to the British creditors.”

Letter under reference concludes with statement as follows:

“Under the circumstances, the Minister’s willingness to make a similar agreement with Andersen, Meyer and Company, Limited, does not seem to hold out much hope of being any effective arrangement.”