893.515/1556a: Telegram
The Secretary of State to the Chargé in China (Atcheson)
1005. For Adler from the Secretary of the Treasury. Substantially the following message has been transmitted to Dr. Kung through Ambassador Wei Tao-ming, in reply to formal request from Dr. Kung50 that $200 million be transferred from the credit of the Government of China on the books of the Treasury to be used for the purchase of gold:
“The Chinese Government’s request which Ambassador Wei Tao-ming has transmitted to me that $200 million be made available for the purchase of gold out of the credit on the books of the Treasury in the name of the Government of the Republic of China is agreed to by the Treasury.
“It is suggested that in order to avoid unnecessary raising of funds bly the United States Treasury, transfers from the aforesaid credit of the Chinese Government for the purpose of purchasing gold be made in such amounts and at such times as existing facilities allow transportation of the equivalent amount of gold to China. This procedure should not interfere with the program outlined in your message of July 23, 1943, as it is the intention that this gold will be sent to China for sale to the public.
“When requests are received from the Government of China to transfer from the credit of the Government of China on the books of the Treasury a specific amount to be used for the purchase of gold, the action necessary to consummate these requests will be taken. Discussion of the details of the arrangements will be had with Mr. Hsi Te-mou and Dr. P. W. Kuo.”
Hull