893.515/1001: Telegram

The Counselor of Embassy in China (Peck) to the Secretary of State

31. McDaniel6 was informed by Jabin Hsu,7 February 6, 11 a.m. that Suma8 has just told him that when in Shanghai February 5 he had personally told Leith-Ross that in view of the imminent rapprochement between Japan and China it would not be fitting for any other nation to offer advice or otherwise intervene in China’s currency or fiscal matters. Suma said he had called to tell Kung9 about this. However, Suma told Hsu the Japanese Government does not disapprove of the recent bond conversion scheme and believes there was nothing else for the Chinese Government to do.

Repeated to the Embassy and the Department.

Peck
  1. C. Yates McDaniel, Associated Press correspondent at Nanking.
  2. Director of General Affairs, Chinese Ministry of Finance.
  3. Yakichiro Suma, First Secretary of the Japanese Embassy in China.
  4. H. H. Kung, Chinese Minister of Finance.