AMERICAN AID FOR CHINA
Loan of 100,000,000 Dollars COMMENT BY MR HULL (Received December 3, 8.30 p.m.) LONDON, December 2. Newspapers iri China have announced that the United States has made a loan of 100,000,000 dollars to China. One newspaper ’ commented that the loan constituted not only a blow at Japan, but also improved the whole position in the Pacific. A message, from Washington states that the joint Senate and House Committee on Monetary Affairs unanimously approved of proposals to extend financial aid to China and help to stabilise Chinese currency. The Secretary of State (Mr Cordell Hull), in a statement to newspaper representatives, said: “This is such a vital matter that it is the least we can do in return for the job the Chinese axe doing.” Congressmen said that Mr Hull and Mr Henry Morgenthau, jun., Secretary of the Treasury, told the joint Senate and House Committee on Monetary Affairs that America’s position in the Pacific was at stake. Aid to China was essential for the maintenance of the status quo in the Far East and was an integral part of the agenda for the defence of the United States.
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Press, Volume LXXVI, Issue 23194, 4 December 1940, Page 9
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192AMERICAN AID FOR CHINA Press, Volume LXXVI, Issue 23194, 4 December 1940, Page 9
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