Chiang Kai-shek

“ In my last conversation with you I stated that China's economic situation was more critical than the military. The only seeming solution is to assure the Chinese people and army of your sincere concern in the China theater of war by assisting China to hold on with a billion gold dollar loan to strengthen her economic front and relieve her dire economic needs. ”

“ Because the danger to the China theater lies not only in the inferiority of our military strength, but also, and more especially, in our critical economic condition which may seriously affect the morale of the army and people, and cause at any moment a sudden collapse of the entire front. ”

“ I have therefore come to this conclusion that in order to save this grave situation, I am inclined to accept your recommendation. You will doubtless realize that in so doing my task in rallying the nation to continue resistance is being made infinitely more difficult. ”