893.51/7453

Memorandum by the Chief of the Financial Division (Livesey) to the Chief of the Division of Far Eastern Affairs (Hamilton)

Mr. Hamilton: On seeing a copy of Mr. Hornbeck’s memorandum of February 9 to you suggesting immediate activity with relation to making available to China part of the $500,000,000 loan, Mr. Berle telephoned me to tell you that FD will be glad to participate in the consideration of the matter as soon as you are ready.81

F. Livesey
  1. At this time a number of proposals as to the best means by which to aid the Chinese with the $500,000,000 credit circulated anonymously, by suggestion, within the Department (893.51/7671½). The Financial Division came to act as a kind of clearing-house for them; see document prepared in the Department of State, February 12, p. 461.