The Ambassador in China (Johnson) to the Secretary of State
[Received February 5—6:30 a.m.]
62. For Hornbeck.84 My 386, January [December] 31,  11 a.m.83 In conversation with Kung85 last evening the latter asked me to ask you to use your influence to persuade interested Americans to accept Chinese proposal for settling Hukuang bond loan. Kung referred to question recently asked in Parliament concerning attitude of the American bondholders and stated that it was true that Germans and British have accepted the Chinese proposal, only the Americans holding out.
Kung also expressed hope that something might be accomplished in regard to Continental Bank loan while he is still in office.