893.51/6–2547
The Chinese Embassy to the Department of State
Aide-Mémoire
- (1)
- The Chinese Government earnestly desires that credits to the total of $500,000,000 intended to be made available to China by the United States Government through the Export-Import Bank of Washington proposed in April 1946, be re-earmarked for China and that Notes to this effect be exchanged between the two Governments before June 30th. Projects for the development of which the credits are to be devoted should be studied and mutually agreed on as soon as possible.
- (2)
- The Chinese Government hopes that a sum of $200,000,000 may be allocated for the purchase of cotton in the United States. This sum is urgently needed, as the China program of UNRRA will soon be terminated and no more cotton will be supplied from that source thereafter, and especially in view of the difficulty in allocating credits [Page 1147] for the purchase of other equally urgently needed commodities such as wheat, rice and petroleum.
- (3)
- It is hoped that, as regards the other $500,000,000 of the loan requested by the Chinese Government in the Memorandum of May 27th, 1947, and additional aid needed for a long-term program of reconstruction and development, the United States Government will, in line with the plan proposed by the Secretary of State with reference to Europe, find it feasible to make an announcement of its desire to be of assistance to China as part of its policy to promote world economic recovery and reconstruction.
Washington, June 25,
1947.