033.1100 Rogers, James H./20: Telegram
T7he Consul General at Shanghai (Cunninghamr) to the Secretary
                             of State

                                  SHANGHAI, April 23, 1934-5 p. m.
                                  [Received April 23-7: 45 a. m.]
  189. For Morgenthau from Rogers. T. V. Soong 15 last week took
position United States Government could not undertake alone raising
world price silver as too great purchases might be required. Minister
of Finance Kung is publicly committed to stability silver price.
  Account demand for stability by important groups already reported
believe Nanking Government would welcome some plan assuring
future stability silver price in terms of major currencies. [Rogers.]
                                                     CUNNINGHAM

033.1100 Rogers, James H./33: Telegram
The Consul General at Hankow (Adamgs) to the Secretary of State

                                     HANKOW, May 2, 1934-9 p. m.
                                         [Received May 2-8 p. m.]
  Following for Morgenthau from Rogers. Chiang Kai-shekl 6under-
taking big program agricultural rehabilitation. He stated to me
Monday 17 that higher silver at this time by further reducing agri-
cultural prices would greatly retard this program. The tendency of
certain Government officials to favor Dies bill'8 apparently based
purely on resulting profit from further use of cotton and wheat loan.
Because of illness Finance Minister Kung I have been unable to dis-
cuss this with him. [Rogers.]
                                                           ADAMS

033.1100 Rogers. James H./35: Telegram
The Consul General at liankow (Adams) to the Secretary of State

                                   HANKOW, May 8, 1934-11 p. m.
                                     [Received May 8-8: 17 p. m.]
  For Morgenthau from Rogers. Study of Chinese balance of inter-
national payments has yielded following preliminary conclusions.

   Member of standing committee of Chinese National Economic Council.
   16Chairman of Chinese Military Council and Commander in Chief of Army,
Navy, and Air Forces.
   7 April 30.
   1Congressman Martin Dies, of Texas, introduced a bill (H. R. 7581) under
which the Treasury Department would accept silver in payment for exported
farm surpluses; the House of Representatives passed it March 19.



433



CHINA