Foreign Relations of the United States, 1946, The Far East: China, Volume X

893.51/7–2646: Telegram

The Secretary of State to the Ambassador in China (Stuart)

Washington, July 26, 1946—6 p.m.

518. For General Marshall. Applications recently received Eximbank from Wang of Chinese Supply Commission for credits totalling $31 million as follows: $16,750,000 to complete modern port at Tang-ku; $5 million restore and modernize Takao refinery Formosa; $6,750,000 rehabilitate coal mines Fuhsin and Peipiao in Jehol; and $2,500,000 rehabilitate three cement plants Formosa. Wang states he is acting pursuant instructions his Govt. Bank strongly disposed inform Wang applications cannot be considered pending clarification political situation China. However, Dept and Bank desire your advice before replying Wang. Takao refinery application of course raises basic economic policy issues ref Emtel 1137, July 14³⁸ and Deptel 484, July 19.³⁹

Byrnes

38. Post, p. 1377.
39. Post, p. 1380.