Office of the Historian

893.51/3–2349: Telegram

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

Nanking, March 23, 1949—noon.
[Received March 23—3:54 a. m.]

629. New Premier33 came to see me Sunday evening to discuss chaotic financial situation and its mortal threat to his Cabinet in the making. He requested US support for Chinese currency, suggesting a kind of stabilizing loan of “2 or 300 million dollars”. He said that unless support in some degree were forthcoming from abroad promptly, new government if formed could not survive nor could it be expected to hold its own in any peace talks with Communists. I made no comment other than that I would transmit his request to my Government. Our comments follow separately.34

Sent Department, repeated Canton 182, Shanghai 288.

Stuart
  1. General Ho Ying-chin.↩
  2. Infra. ↩