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95% Division of P 395Y FAR EASTERN AFFAIRS DEPARTMENT OF STATE ESFE Department of State of Conversation R MAY 25 DATE: May 21, 1943 UBJECT: CHINESE DIVISION of OF STATE ARTICIPANTS: Dr. Liu Chich, Chinese Mini thay and 22 1943 Coun lor of the Chinese Inbassy Mr. A. Hiss - PA/H NOTED Mr. Stanton - TE Mr. x. Roosevelt - A-A OPIES TO: (Mr. A. r. Luxford, Assistant General Counsel Treasury Department (Major H. S. Patton, War Department 159c 4 ... - 324 Dr. Liu called on me at his request to receive an informal memorandum clarifying certain aspects of the draft note on Chinese reciprocal aid agreement, which was. handed by Mr. Acheson to Dr. Soong on May 15, 1943. A copy of this informal memorandum is attached. Dr. Liu said that the memorandum seemed clear and would be most helpful to his Government in considering the draft agreement and the informal memorandum to the proposed agreement. Dr. Liu is planning to telegraph Chungking immediately. Dr. Liu observed that it was his understanding that the Chinese currency turned over to United States authori ties would not be earmarked for specific purposes* but could be used for the purchase or materials needed by the armed forces or for wages or administrative expenses. In the course of the sontersation it way that the amounts of Chinese currency to be received by United States authorities and the amounts of American dollars to be turned over to Chinese authorities, would be the subject of joint consideration. Dr. Liu inquired whe ther this could mean that no American dollars need be received by China. It was explained to him that we definitely May 34, 1943; not printed. Substance transmitted to Chungking as tel. 659,

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    "ocrText": "95%\nDivision of\nP 395Y\nFAR EASTERN AFFAIRS\nDEPARTMENT OF STATE\nESFE\nDepartment of State\nof Conversation\nR\nMAY 25\nDATE: May 21, 1943\nUBJECT:\nCHINESE\nDIVISION of\nOF STATE\nARTICIPANTS: Dr. Liu Chich, Chinese Mini thay and 22 1943 Coun lor of the\nChinese Inbassy\nMr. A. Hiss - PA/H\nNOTED\nMr. Stanton - TE\nMr. x. Roosevelt - A-A\nOPIES TO:\n(Mr. A. r. Luxford, Assistant General Counsel\nTreasury Department\n(Major H. S. Patton, War Department\n159c\n4\n...\n-\n324\nDr. Liu called on me at his request to receive an\ninformal memorandum clarifying certain aspects of the\ndraft note on Chinese reciprocal aid agreement, which\nwas. handed by Mr. Acheson to Dr. Soong on May 15, 1943.\nA copy of this informal memorandum is attached.\nDr. Liu said that the memorandum seemed clear and\nwould be most helpful to his Government in considering\nthe draft agreement and the informal memorandum to\nthe proposed agreement. Dr. Liu is planning to telegraph\nChungking immediately.\nDr. Liu observed that it was his understanding that\nthe Chinese currency turned over to United States authori\nties would not be earmarked for specific purposes* but\ncould be used for the purchase or materials needed by\nthe armed forces or for wages or administrative expenses.\nIn the course of the sontersation it way\nthat the amounts of Chinese currency to be received by\nUnited States authorities and the amounts of American\ndollars to be turned over to Chinese authorities, would\nbe the subject of joint consideration. Dr. Liu inquired\nwhe ther this could mean that no American dollars need\nbe received by China. It was explained to him that we\ndefinitely\nMay 34, 1943; not printed.\nSubstance transmitted to Chungking as tel. 659,"
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