Washington, Dec. 19, virtue of the Sino-American monetary accord, China can obtain U.S. dollars in giving guarantees based upon the depots lof Chinese gold kept in the United States, the Treasury Secretary, Mr. Henry J. Morgenthau, Jr., announced here today. He specified {that the new agreement concluded between the U.S, and China was jan extension of the July 9, 1937, accord signed by the two Powers, In his declaration he also stressed that the Central Bank of China had already obtained, under certain conditions safeguard-jing the interests of both countries, some credits in U.S. dollars to facilitate a stabilization of exclu ange in China, Their monetary accord would continue in effect for a new period after December 31, this year.
Mr. Morgenthau refused to indicate the extent of the new period and the origin of the gold upon which the U.S. dollar advances may be made.
He limited himself to declaring that the gold was st present deposited in the Hederal Reserve Bank "of New Britain Not Sending Arms Via Burma He added, "We are advancing ere-Government to Define Policy dits to a friendly nation."
London, Dec. 19.
Asked if the gold serving as guarsn~ The press here this morning ex-tee had been obtained by sales of pected the British Government to Chinese silver to the U.S. Mr. Mo doline clearly their policy of resistgenthau refused to reply directly but joe against any attempts at injure asserted the gold was China's and ing British interests In the Far East, Ching could use it how she wished.
Most of the diplomatic editors predicted that in reply to the appeal "Our Door Wide Open" made by General Chiang Kal-shek, hig recent conference with the The Treasury Secretary referred to, Dritish Ambassador to China, the Japan also as a "friendly nation" and British "Government" will pla said, "Our door is wide open," when £600,000 drawn from the funds asked whether he envisaged granting credits similar to those advanced. created by vitlue of the law one: port credits at the disposal of the Ching, to Japan.
Text read from the printed page and cleaned; old type leaves the occasional error.