893.51/9–2646: Telegram
The Acting Secretary of State to the Ambassador in China (Stuart)
794. For Adler from Treasury. War Dept has informed Treas that the China Service Command has on hand CNC 1¼ billion miscellaneous receipts. Theater requests permission to close dollar equivalent into Treas permitting use of yuan for current disbursement. Without consultation with Chinese your views requested on appropriate rate, and on possibility of objections of Chinese Govt to current use of yuan collected in past by Army mainly through sale of scrap and salvage. Theater also asks whether purchases of yuan currency may be made from banks other than Central Bank of China. Do you anticipate objection from Chinese Govt if authorization is given for purchases from appointed banks at official rate? [Snyder.]