740.00115A PW/11–2744: Telegram
The Secretary of State to the Chargé in Switzerland (Huddle)
4185. American Interests—China. Reurtel 7784 November 27. Budget of 19,950,000 Chinese [Central] Reserve Bank dollars submitted by Fontanel for December for financial assistance in occupied China is approved but the Department views with apprehension the necessity of increasing loans to individuals by 60 per cent in one month. It is hoped that the Swiss will be able to make some arrangement to reduce the cost or to prevent it from rising at such a rapid rate (ReDeptel 3878 November 14). Department has no information regarding the arguments which were used by the Swiss in persuading the Japanese that the rate of 18.36 Swiss francs to 100 CRB dollars was unreasonable but hopes something further might be accomplished by the same or similar representations.
[Page 1077]The question of the request by Japanese to Swiss to stop assistance to Filipinos will be considered in another telegram.