893.51/7704: Telegram

The Chargé in China (Atcheson) to the Secretary of State

1390. To Secretary of the Treasury from Adler. TF–149. Department’s 998, July 31, 6 p.m.55 Dr. Kung this morning gave me his assurance that no private individual or institution shares in income of the [Stabilization] Board.

(2) Sale of United States dollar backed savings certificates ceased on August 3. Since July 1 about United States dollars 40,000,000 of certificates have been sold. It would appear that the heavy purchases in this period were made in anticipation of cessation of sale. [Adler.]

Atcheson
  1. Not printed.