893.5151/931: Telegram

The Chargé in China (Atcheson) to the Secretary of State

915. TF–132. From Adler for Secretary [of] Treasury only. Refer my TF–128, June 9.81 Learn from reliable sources that Generalissimo82 cabled T. V. Soong on June 12 instructing him not to give you notice that China desires to extend 1941 Stabilization Agreement. This confirms previous suspicion that Kung was acting on Generalissimo’s order in raising question referred to you in TF–128 or otherwise neither his uneasiness nor his obduracy in the face of the unanimous opinion of all his financial advisers would be explainable. Apparently Generalissimo has recently expressed strong dissatisfaction with 1941 Agreement. It would appear that he feels that China’s external position is so favorable that he has no need to worry about [Page 459] possible Treasury reaction to China’s allowing 1941 Agreement to lapse. [Adler.]

  1. Supra.
  2. Chiang Kai-shek, President of the Chinese Executive Yuan (Premier).