The Archive · 1936

U.S. CHINA ACCORD ON CURRENCY

Washington to Ca-operate with Nanking Washington, May 13, Dr. P. W. Kuo, a namber of the Chinese' Economic Mission to. this country, said to-day that some me sure of United States ce-operate with China in monetary affairs was assured. He indicated definitely that the agreement reached by the Sccretary of Treasury, Mr. Henry Morgenthau, and the members of the Mission' was entirely monetary in nature Dr. Kuo said it was likely that the US. Treasury Department and Chinese Ministry of Finance would make a statement following the ter mination of ike negotiations here, In spite of the fact that the accord entirely monetary, he added, much progress has been made in reaching basic understanding of trade prob: Jems, which were discussed. In sup plementary sessions between members of the Mission and other American governmental departments, Dr. Kuo himself conferred with officials of the Departments of Commerce and Agriculture, and of the United States Chamber of Commerce,

ment a well as of the Treasury. Departs President Roosevelt is highly me terested and extremely well informed currency Chinese problems, It was learned, The delegation conferred today with officials of the Federal Re: serve Board in order to exchange information—United Press,

Text read from the printed page and cleaned; old type leaves the occasional error.

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