893.503194A/12–2349: Telegram
The Consul at Taipei (Edgar) to the Secretary of State
[Received December 23—1:39 a. m.]
868. During my courtesy call on new Governor yesterday, Wu told me he has sent Jen76 to Hong Kong to try to interest Wu’s Shanghai friends to invest their capital estimated at 300 million US in Taiwan. With industry revived and employment opening up he can start government employee reduction but not before.
I strongly urge that ECA funds be released to start this ball rolling. Best impetus would, of course, be US declaration of interest in island.
Wu is considering appointment Shanghai judge now in Taiwan University as Supreme Court Judge to reorganize courts.
Mayor Yu still declining participate new government, reportedly wanting Education Minister or nothing. Others appear to have buried prejudices and will at least try new game.
Hsu Pin declined offered post on grounds age but selected younger substitute Chen Ching-fen.
- Jen Hsien-chuen, new Finance Commissioner of Taiwan.↩