893.51/6932: Telegram
The Ambassador in China (Johnson) to the Secretary of State
[Received July 7—8:20 a.m.]
426. Department’s 117, June 28, 5 p.m. Consolidated note of May 28, 1936. Information contained in Department’s telegram under reference has been communicated to the Ministry [Minister?] of Finance who has made the following reply dated July 5.
“Referring to the Embassy’s communication enclosed with your letter of June 29 to Mr. Arthur N. Young, I very much appreciate [Page 850] the willingness of the Export-Import Bank to modify the terms of the consolidated note of May 28, 1936 by deferring principal payments and reducing the rate of interest for the periods specified.
The Chinese Ambassador at Washington has been duly authorized to execute in appropriate form on behalf of the Chinese Government a modification of the terms of the note in the manner indicated in the enclosure to your letter.
With reference to the final paragraph of the reply transmitted I may add that the interest payment due on June 30, 1939, was duly made in accordance with the terms of the note.”
Repeated to Peiping.