102.1/10133a: Telegram

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

223. For Adler from the Secretary of the Treasury. All information that is available in regard to Chinese imports of CN currency is requested by Treasury. (Reference your No. 166 of January 26, 1944). Treasury is particularly interested in the percent of currency needed which must be imported by the Chinese Government, what percent can be obtained from Chinese banks and the reasons why it is not possible to borrow a greater percentage from Chinese banks.

Treasury desires any available information as to the amount of CN currency which is now held by Chinese banks. Treasury is particularly interested in how much of this currency is being held as reserves and how much is needed for current business purposes.

Treasury does not wish you to consult formally with officials of the Chinese Government on these questions. [Morgenthau.]

Stettinius