Office of the Historian

800.515/1023b: Telegram

The Secretary of State to the Ambassador in China (Gauss)

Washington, April 17, 1944—8 p.m.

513. For the Ambassador and Adler19 from the Secretary of the Treasury.

1.
Arrangements are being made for the simultaneous publication in Washington, London, Chungking, Moscow and a number of other countries of joint statement by technical experts of the United and Associated Nations on the establishment of an international Monetary Fund. Copy of this joint statement has been given to Hsi Te-mou20 who has informed us that it has already been cabled to Dr. Kung.21 Hsi Te-mou has indicated that China pleased to have joint statement published simultaneously in Chungking, Washington and other capitals. For reasons of economy we are not repeating this joint statement on the assumption that copy can be obtained from Dr. Kung. Copies of joint statement are going forward by pouch.
2.
I am to appear before the appropriate Congressional committees on Friday, April 21, to bring them up to date on our discussions regarding international monetary cooperation and to present to them the joint statement. This joint statement will be released on Saturday, April 22 (April 23 in Chungking). It is essential that statement should not be released in Chungking before it is released in Washington. The statement will be released here irrespective of whether or not it is released in Chungking.
3.
In view of the fact that the Chinese technical experts here have indicated their agreement with the proposal for establishment of an International Monetary Fund, if I am asked during my testimony before the Congressional committees whether China has indicated agreement to this proposal, I will answer “yes”.
4.
Minor changes have been made in the joint statement which was cabled to Dr. Kung. We are advising the Chinese representatives here of these minor changes. It is suggested that you obtain from Dr. Kung copy of joint statement in order to make corrected copy for him. The text to be released contains the following provisions in place of those corresponding numbers in the joint statement cabled to Dr. Kung:

[Here follow several paragraphs of minor changes in the text of the Joint Statement of Experts.]

[Morgenthau]
Hull
  1. Solomon Adler, Treasury representative, American member of the Stabilization Board in China.↩
  2. Representative of the Chinese Ministry of Finance in Washington; Director of the Central Bank of China and of the Bank of China.↩
  3. Vice President of Executive Yuan and Chinese Minister of Finance; Governor of the Central Bank of China.↩