893.515/547
Memorandum by the Secretary of State
The Chinese Minister called and stated that he had received a communication from his government, following the recent increase in the price of silver by this government, in which he was requested to see me and express the concern of his government about the increased silver price and its effect upon the Chinese economic and financial situation. He added that of course his government had not then learned of the latest increase in the price of silver by Presidential proclamation last evening.87 He stated also that his government desired to remind this government of its statement, made in a communication to the Chinese Government during last October,88 to the effect that in administering our silver Act we would keep in mind the Chinese financial situation and proceed with a view to causing the minimum of unsatisfactory reactions upon Chinese financial, fiscal, and general economic affairs.
I repeated to him our deep interest in the welfare of the people of China and our disposition to cooperate in every feasible way that might be mutually helpful, and stated that the minimum of inconvenience to the people of China would be contemplated by any and every governmental policy or measure of ours.
- Proclamation No. 2125, April 24, 1935, 49 Stat. 3445.↩
- Note of October 12, 1934, to the Chinese Minister, Foreign Relations, 1934, vol. iii, p. 449.↩