393.115 Tung or Wood Oil/288

President Roosevelt to Generalissimo Chiang Kai-shek 41

My Dear General Chiang: The recent notification which we received through the Chinese Ambassador of arrangements for completion of the repayment of the Wood Oil Loan of February 8, 1939, in advance of the schedule provided for in the contract and entirely from the receipts of the wood oil exported to this country, has caused this Government much gratification. I want you to know that we appreciate the attitude of the Chinese Government in making provision for completing repayment of the loan in question during these times when the resources of your country are being so severely taxed. The splendid tradition which is being built up by your Government in its financial relations with us is one of which we, as friends and partners of China, can be as justly proud as you must be.

Very sincerely yours,

Franklin D. Roosevelt
  1. Sent to the Ambassador in China with instruction No. 51 of April 9 for delivery to General Chiang (393.115 Tung or Wood Oil/289).