893.51/6–1446: Telegram
The Acting Secretary of State to the Embassy in China
Washington, July 3, 1946—8
p.m.
408. For Adler from the Secretary of the Treasury. As you know, cotton purchases made (Reurtel 981, June 14) with funds accrued since Dec 7, 1945 are licensed by General License 94. Practically all trade transactions financed by blocked Chinese funds consummated under blanket license. To single out one commodity category for special action seems unfeasible from funds control standpoint and likely to engender very substantial objection from US cotton interests. [Snyder.]
Acheson