Foreign Relations of the United States, 1947, The Far East: China, Volume VII

102.1/4–2347: Telegram

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

Washington, April 23, 1947—4 p.m.

473. For Adler from Treasury. Request early agreement with Chinese for payment US procurement expenses at rate more favorable than Central Bank rate. (Reurtel 566 Mar 15 Nanking, 866 [886] April 11 Shanghai⁴⁶ indicating black market rate 18,000.) Following alternatives listed in order of preference: 1. Payment all expenses US currency. 2. Sale of US currency or Treasury checks or drafts to Central Bank at current Shanghai open market rate or other realistic rate negotiated by Treasury Representative for US currency. [Treasury.]

Acheson

46. Latter not printed.