Office of the Historian

893.51/8–445: Telegram

The Ambassador in China (Hurley) to the Secretary of State

Chungking, August 4, 1945—11 a.m.
[Received 12:55 p.m.]

1286. Secretary [of the] Treasury,3 Washington, from Adler:

(1)
Mr. Tsuyee Pei, Chief Financial Advisor to Dr. Soong, is leaving for Washington in the next day or two to discuss the following questions with the Treasury:
(a)
Settlement of U. S. Army expenditures in China. Dr. Soong, at a conference with the Ambassador and members of the Embassy and Army on August 2, indicated that it should be possible to institute a more satisfactory basis of settlement than the existing one; he informally suggested that the payment of a flat sum per month would be preferable.
(b)
The Chinese currency situation, including the status of the China program of Foreign Funds Control.4
(c)
A clause 3-c lend lease agreement which would, of course be discussed with all the agencies involved.
(2)
Dr. Soong will proceed to Washington to participate in these discussions later. [Adler.]

Hurley
  1. Fred M. Vinson.↩
  2. Assets in the United States of Chinese nationals were “frozen” or “blocked” by the Treasury Department’s Foreign Funds Control.↩