793.94/15119
Memorandum of Conversation, by the Secretary of State
The Ambassador of China called on his own request.…
The Ambassador then stated that his Government had been able to secure loans of about 75 million dollars on the strength of the loan of 25 million dollars of our Export-Import Bank. This included 25 million dollars from the British governmental agencies, etc., etc. He said he was sure that their consignments of tung oil would come through safely and regularly. He then said that none of the 25 [Page 676] million dollar loan made by this Government to China had been expended for anything of a military nature by his Government. Finally he urged me, in behalf of Finance Minister Kung, to support an application for a further loan from the Export-Import Bank. I said that Jesse Jones is President of the Export-Import Bank50 and that the Ambassador would probably want to take the matter up with him and the Treasury as a first step.
- Jesse H. Jones was Chairman of the Executive Committee of the Export-Import Bank.↩