893.51/7734

The Secretary of the Treasury (Morgenthau) to the Secretary of State

My Dear Mr. Secretary: This is to acknowledge receipt of your letter of December 29th enclosing telegram of December 23, 1943 from Ambassador Gauss. I appreciate your sending me this telegram and have found it of considerable interest.

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I see that Ambassador Gauss is in agreement with the views expressed in our Memorandum to the President, copy of which I sent to you in letter dated December 20, 1943.

It would seem that no further steps can be taken regarding the Chinese request for a loan until we have received a reply to our Memorandum which, as you probably know, the President said he was going to forward to President Chiang Kai-shek.

Sincerely yours,

H. Morgenthau, Jr.