Memorandum of Conversation, by the Secretary of State
The Ambassador of China called at his own instance and inquired what progress I was making in regard to his request some days ago for the further extension of $30,000,000 of credit to his Government for the purchase of flour and cotton cloth. I replied that I had been giving the matter full attention; that the credit situation had assumed a different form from what it once was prior to the exhaustion of 18 million dollars of the original 50 million dollars of credit; and that it presented difficult questions in more than one respect. I said that I had called on my associates to give the matter early and sympathetic attention; and that, of course, I would be glad to acquaint the President with the Ambassador’s visits here and his request. I concluded with the statement that it would be some days before we could reach a conclusion—that we might do so next week. The Ambassador was very urgent in his tone and demeanor.