893.51/7463

The Secretary of the Treasury (Morgenthau) to the Under Secretary of State (Welles)93

My Dear Mr. Welles: Reference is made to your letters of February 14, 1942, regarding financial aid to China, and of February 17, 1942, enclosing a copy of a letter of February 16 from the Chinese Minister of Foreign Affairs together with a copy of the translation of the telegram of February 15 from General Chiang Kai-shek to the President.94

We have been giving the problem of effecting the loan careful consideration here and we are now preparing a definite plan. I hope to be able to call a meeting on the matter early next week.

Sincerely yours,

H. Morgenthau, Jr.
  1. See also Mr. Morgenthau’s letter of February 16 to Generalissimo Chiang, Department of State, United States Relations With China, p. 479.
  2. Letter of February 17 not printed; for its enclosures, see p. 468.