893.51/3–1747

The Chairman of the Board of Directors of the Export-Import Bank of Washington (Martin) to the Director of the Office of Far Eastern Affairs (Vincent)

Dear John Carter: I discussed with the Board of the Bank the proposal of the Secretary with respect to the Canton Railroad, the Tangku Harbor and the rehabilitation of the coal industry.

While they did not completely close their mind on the subject, the position I outlined to you at lunch is, in general, the position of the Board. I would suggest that this matter be postponed unless, of course, you or Mr. Thorp would like to raise it formally at a Board meeting.

Sincerely yours,

Wm. McC. Martin, Jr.