The semi-governmental Export-Import Bank, which extended the $25,- 000,000 loan to China several months ago, has denied extending credits for China's purchase of war planes in the United Press.
Authoritative sources said the contract negotiations were brought near to conclusion in Chungking last month by Dr. H. H. Kung, Chinese Finance Minister, and Mr. Al Patter-ron. representative for United Aircraft in China, The contract was concluded after Mr. Patterson returned to the United States by Clipper plane ten days ago and went into conference in Los Angeles with Mr. Samuel Needleman, representative of the China Airmotlve Corp. in the United States—United Press.
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