Foreign Relations of the United States, 1948, The Far East: China, Volume VIII

124.935: Telegram

The Acting Secretary of State to the Ambassador in China (Stuart)⁸⁶

Washington, September 29, 1948—5 p.m.

1371. For Embassy, Casaday and Parker. State and Treas sympathetic Emb desire for flexibility and Emb concern re possibility sudden and severe break in rate (Embtel 1735⁸⁷ rptd Shanghai 829). Because importance possible new rate on Army-Navy expenditures and implications for ECA special account, which latter is NAC interest here, would appreciate more info prior consideration your recommendation. Transmit alternative rate formulas under consideration for possible approach Chinese Government.

Lovett

86. Repeated to the Consul General at Shanghai as No. 1676.
87. September 20, p. 407.