893.515/1077: Telegram

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

125. Your 254, May 23, 1 p.m.

1.
Has there been press comment in regard to the measures of monetary reform and the statements of May 18 made by Kung and the United States Treasury Department? If so, please summarize.
2.
Please amplify statements that “Kung’s statement is confusing and unnecessarily disturbing” and that “the psychological effect has been bad”.
3.
Reports from Hankow and Shanghai indicate that the measures of monetary reform were well received there.
4.
Report promptly by radio.
Carr