Office of the Historian

893.5151/4–2049: Telegram

The Minister-Counselor of Embassy in China (Clark) to the Secretary of State

Canton, April 20, 1949.
[Received April 20—2:40 a. m.]

Cantel 239. All vernacular papers except Central Daily News carry Kwangtung Governor Hsueh Yueh statement acknowledging shipment certain amount silver dollars from Canton for payment soldiers. Governor stated shipments will stop soon as Central Bank holdings reach minimum 10 million silver dollars.58 Press estimates present holdings Central Bank vault 12 million silver dollars, 500,000 ounces gold, 2 million US and 50,000 Hong Kong dollars.

Sent Department Cantel 239, repeated Nanking unnumbered, Shanghai 153.

Clark
  1. In Cantel No. 230, April 19, the Minister-Counselor of Embassy in China reported local press stories of an agreement between Nanking and Kwangtung authorities whereby silver shipments out of Canton would be limited to $870,000 (893.5151/4–1949).↩