893.51/2–1846: Telegram
The Secretary of State to the Embassy in China
335. For General Marshall. Eximbank Feb 20 approved in principle revised credit of approximately $32,300,000 for ships, railroad [Page 948] equipment and power plants (Urtel 321, Feb 18). Specific loan contracts yet to be drawn. No announcement until contracts are signed. As reported by Col. Davis’ telegram sent you Feb 1781 via War Dept Chinese incorrect in asserting Bank asked additional conditions on cotton loan after signature contract. Contract not yet signed pending result of negotiations. Stipulations adopted by Bank at time of approval contract. Bank believes no undesirable duplication with UNRRA and FLC in shipping, etc. Reurtel 320, Feb 18 Dept and Bank agree transportation needs urgent.