893.515/569: Telegram
The Secretary of State to the Consul at Nanking (Atcheson)
39. For the Minister. Your 103, May 15, 2 p.m. On May 17 department forwarded to Treasury Department copy of your telegram under reference. Treasury Department, in letter of May 20, replies in part as follows:
“The records of this Department indicate that of the total of 19,000,000 ounces of silver originally purchased, the amount of 14,100,000 ounces has already been delivered, leaving a balance of 4,900,000 ounces, on which a postponement of delivery until May, 1935, was previously granted.
Although it would be impracticable to modify the contract with the Chinese Government to the extent of cancelling its obligation to deliver the balance of the silver, it is agreeable to postpone until the end of July, 1935, the time within which delivery of this silver may be made.”
Please incorporate the substance of the foregoing in your reply to letter from Kung referred to in your telegram under reference.