893.51/7218
The Secretary of State to the Secretary of the Treasury (Morgenthau)
My Dear Mr. Secretary: Reference is made to the Department’s communication to you of date January 14, 194142 with which there was enclosed a copy of a note of date January 6, 1941 from the Chinese Ambassador43 in regard to the conclusion of loans totaling [Page 633] $100,000,000 United States currency to be made available to the Chinese Government by the United States Treasury and the Export-Import Bank.
With further reference to this matter there are enclosed copies of two additional notes which have been received from the Chinese Ambassador of dates April 18, 1941 and April 23, 1941,44 respectively. With the note of April 23, 1941 there is enclosed a copy of a communication to the Chinese Ambassador from General Chiang Kai-shek, President of the Executive Yuan.45
The Department is of the opinion that the statements made by the Chinese Ambassador in his notes of January 6 and April 18, 1941 supplemented by the telegram transmitted with his note of April 23, 1941 may be accepted as authoritative official assurance that the proposed agreement has been approved, in advance of its conclusion, by the competent authorities of China; that Dr. T. V. Soong is duly authorized to sign the agreement on behalf of the National Government of the Republic of China; that Dr. Kan Lee is duly authorized by the Board of Directors of the Central Bank of China and by the National Government of the Republic of China to sign the agreement on behalf of the Central Bank of China; and that when the agreement shall have been signed by Dr. T. V. Soong and Dr. Kan Lee and the Secretary of the Treasury of the United States it will be internationally valid and binding.
Sincerely yours,