102.1/11–1347: Telegram
The Ambassador in China (Stuart) to the Secretary of State
Nanking, November 13,
1947—5 p.m.
[Received 7:26 p.m.]
[Received 7:26 p.m.]
2233. To Treasury from Adler.
- 1.
- Sale of 3-year Treasury certificates April 4 to September 30, CN dollars equivalent of U. S. $27,954,040. Sales were at official rate up to August 16 when sales were stopped, to be resumed on September 10 when sales were made at open market rate (reurtel 1294 of October 2269). Redemption both as to principal and interest at open market rate. Equivalent of U. S. $4,621,000 were redeemed on October 1 at open market rate, leaving equivalent of U. S. $23,335,000 outstanding. During October equivalent of U. S. $1,648,000 were sold. Sale of certificates of dubious value as an anti-inflationary measure.
- 2.
- Sales of U. S. dollar 10-year bonds par 4—September 30 U. S. $27,525,000. Sales during October $514,000. [Adler.]
Stuart
- Not printed; it requested Adler to report on sales of domestic bonds since their issuance in April 1947 (102.1/10–2247).↩