The Archive · 1940

Import Bank

Mr, Jones announced at the time that the United States had cided to purchase—U.S.$30,000,000 worth of tungsten from China, "The Langston will be purchased from the National Resources Commission China for storage in the United States to meet American defence needs, he said.

Mfr, Jones said the new $25,000,000) toan'by the United States would be made directly to the Chinese Gov-ferment with the guarantee of the Central Bank of China, The consequent Chinese debt to. the United States will be liquidated through the sale of Chinese tungsten to America Mr. Jones said—United Press.

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

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