811.515 Silver/33: Telegram
The Consul General at Shanghai (Cunningham) to the Secretary of State
[Received October 9—9:35 a.m.]
477. From the American Minister:
“The Department will receive by radio from Peiping text of a memorandum explanatory of situation which threatens to exist in China if price of silver continues to mount producing increasing flight of silver from China. This memorandum is expository of situation and contains no proposals. It was handed to me by Dr. Young with a letter signed by Finance Minister Dr. Kung. Kung thought Department might wish to consider statements contained in memorandum before making reply to Chinese representations on silver situation.”
Repeated to Legation.