Foreign Relations of the United States Diplomatic Papers, 1935, The Far East, Volume III

893.515/802: Telegram

The Ambassador in China (Johnson) to the Secretary of State

Shanghai, October 31, 1935—3 p.m.
[Received October 31—6:49 a.m.]

Your 289, October 30, 7 p.m.⁴⁰ It is currently believed among American bankers and businessmen that the Chinese Government plans to attach the Chinese dollar to the customs gold unit, at a rate of Chinese dollars 2.50 for one gold unit. Mackay of National City Bank told me that he believed the Chinese Government wanted to sell its silver holdings to the United States for gold, with above end possibly in view.

Johnson

40. Not printed.