Office of the Historian

893.5151/940½: Telegram

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

Chungking, June 26, 1943—5 p.m.
[Received June 27—8:45 a.m.]

1030. Department’s 802, June 24, 4 p.m.39 New exchange rate was placed in effect by Chinese Government during May. Following receipt of Department’s 724, June 4, 10 p.m., Embassy availed itself of the new rate as of May 29th.

[Page 552]

If the Department contemplates making adjustments in allowances and allotments it may be pointed out that the cost of all commodities and services rose approximately 50% between January and June, the equivalent of the increase in the amount of local currency received as a result of the new rate. The living material and service costs mentioned continue to rise steadily at a rate of about 10% monthly.

Atcheson
  1. Not printed; it requested the date the new exchange rate was placed into effect (893.24/1601).↩