893.51/10–446: Telegram

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

1596. From Adler to Secretary of Treasury.

1.
Amount held on deposit by China Service Command in miscellaneous credits 1¼ billion CN dollars according to Colonel Webber (reference your telegram 794 of September 26). I see little possibility of objection by Chinese Government to Army’s using this sum for current disbursements. Simplest procedure for closing dollar equivalent would be to use current Central Bank rate for US dollars.
2.
I anticipate no objections from Chinese Government to theater’s purchasing Yuan currency from American appointed banks, as appointed banks have to report their purchases of foreign exchange to Central Bank. [Adler.]
Stuart