893.5151/899: Telegram
The Ambassador in China (Gauss) to the Secretary of State
[Received July 31—10:47 a.m.]
893. For Secretary of the Treasury from Currie. Have indicated informally to Dr. Kung the growing resentment of our diplomatic and military and charitable organizations over declining purchasing power of United States dollar in China. Raised the question of leaving official rate as is but giving special rate for special purposes. It would be helpful if you make inquiry of Adler here as to what, if anything, is being considered to meet the situation and ask what rate of exchange would restore purchasing power of United States dollar in China to that of one year, [or] two years ago. [Currie.]