893.51/7204: Telegram
The Ambassador in China (Johnson) to the Secretary of State
[Received March 31—1 p.m.]
119. Embassy’s 371, June 10 [9] a.m., 1939.27 I have received the following letter dated March 28 from the Minister of Finance:
“I have telegraphed today Ambassador Hu Shih asking him to negotiate for a further extension of the present arrangement with regard to the consolidated note of May 28, 1936,28 for flood relief and cotton-wheat loans for a further period of 2 years so that (1) principal installments due quarterly from June 30, 1941, to March 31, 1943, both inclusive, are each deferred for 2 years, (2) that the interest will remain at the present reduced rate of 4% for a similar duration payable quarterly as before and (3) that the principal installments due thereafter will be deferred each in its respective order for a period of 2 years.
[Page 620]You shall oblige me greatly if you will telegraph State Department the substance of the foregoing and requesting the authorities thereof to use their good offices to assist us in securing the desired extension.”29
- Foreign Relations, 1939, vol. iii, p. 842.↩
- See press release issued by the Export-Import Bank of Washington, June 20, 1936, ibid., 1936, vol. iv, p. 489.↩
- The Department on April 4 transmitted to the President of the Export-Import Bank of Washington (Pierson) a copy of this telegram and expressed the hope that the Bank would accord sympathetic consideration to the Chinese Government’s request.↩