893.50/11–1047: Telegram
The Acting Secretary of State to the Ambassador in China (Stuart)
1433. Views expressed by Young (Urtel 2223 Nov 10) proving helpful in consideration China aid program. Dept for most part agrees with Embs comments thereon (Urtel 2231 Nov 12). In particular Dept agrees desirability financial aid contributing to balance payments and to some priority reconstruction projects and concurs Embs reservations re proposal for $150,000,000 fund combat inflation.
[Page 1226]While foreign advisers may play a useful role in limited number posts Dept considers Young’s recommendations under heading 11 evince a degree of confidence in general efficacy foreign advisers not warranted by recent history their employment [in] China. Recommendations [regarding] reforms under this heading contain much merit though broadness field they cover seems optimistically ambitious in the circumstances.