811.503193/8–2047: Telegram

The Consul at Shanghai ( Meyer ) to the Secretary of State

2029. Present tentative plan of Chinese Government for disposition of textile mills of China Textile Industries Incorporated calls for outright sale of 70% of the number of mills to private investors and Government to retain ownership of remaining mills for production of military cotton textile supplies.

Details of plan for disposition of plants not yet decided upon. [Page 1380] ReDeptel 1230, July 25. Consulate General forwarding by despatch27 preliminary estimate of evaluation of 17 Shanghai mills.

Sent Department, repeated Nanking 1458.

Meyer
  1. Despatch No. 1624, August 30, not printed.