The Secretary of the Treasury (Morgenthau) to the Secretary of State
My Dear Cordell: The President returned to me the letter which I received from T. V. Soong, dated January 21, 1942,65 and attached [Page 450] thereto a memorandum, a photostat of which you will find enclosed herewith. Upon receipt of this memorandum from the President, I wrote a letter to Dr. Soong, a copy of which I am also enclosing.
There is also enclosed a photostat of a letter which I received January 27, 1942, from Sir Frederick Phillips66 stating the British position on the Chinese request.
I believe that with these enclosures you now have a complete file of my correspondence on the China loan proposal.