893.51/6–1545: Telegram
The Ambassador in China (Hurley) to the Secretary of State
[Received June 15—9:42 a.m.]
985. For the Acting Secretary. I appreciated very much receiving your message (Reurtel 889, June 9, 7 p.m.); the explanation is, of course, satisfactory. It would make me happy if in the future you could let me have background information or an explanation of a proposed transaction which I am expected to approve or implement before it is finally consummated. My position in the matter we are discussing was made difficult by the fact that Secretary Morgenthau’s telegram referred to documents to which I do not have access.
I am aware that I have not yet responded fully to Mr. Morgenthau’s request for my reaction to his suggestion of the establishment of a $500,000,000 stabilization fund. The reason I have not responded is that I do not know the exact nature of the fund to be established. I have no idea what its purpose is save the rather sketchy suggestion made in Secretary Morgenthau’s telegram. I do not know whether it is to be a revolving fund jointly operated by Chinese and American or whether it is to be operated by Chinese alone. If I could have copies of the documents referred to in Secretary Morgenthau’s telegram they would no doubt disclose for me the basic facts on which I could formulate an intelligent opinion. As soon as I am supplied with the facts I shall be happy to express my opinion.