893.51/6836: Telegram
The Chargé in China (Peck) to the Secretary of State
[Received March 10—1:45 p.m.]
165. News of the successful conclusion in London of the Chinese currency credits scheme was received with unrestrained joy and gratification in Chungking. Dr. H. H. Kung issued a statement expressing gratification and appreciation for the granting of the credits which he said would prove a very helpful addition to the facilities for continued maintenance of the stability of the Chinese dollar. Pointing out that the granting of these credits is further evidence of Great Britain’s interest in the financial and economic situation of China, Dr. Kung declared that it is an act of far-sighted statesmanship which is clearly in the mutual interests of both countries.
[Here follows a report of press comment.]