Officials here have repeatedly denied that governmental credits: are involved in the United Aircraft transaction, and the Chinese Embassy has disclaimed any direct connection with the deal. Authoritative sources said the contract negotiations were carried out entirely in China between Mr. Al Patterson, representative for the company in China, and Dr. H. H, Kung, Chinese Minister of Finance.
The contract is reported to call for the delivery of $15,000,000 worth of American war planes and aircraft equipment to China and is understood to involve more than 100 planes.
Mr, Patterson returned to the United States last week by Clipper plane and immediately conferred in Los Angeles with Mr. Samuel Needleman, representative of the Aviation Equipment Export Ca. Inc, and the China Airmotive Ca.
Chinese organizations understood to be financing the plane contract "Mr. Needleman today was learned to have returned to New York over the past week-end and it was understood that negotiations would be finally concluded within a few days.—United Press.
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