893.516/600: Telegram

The Secretary of State to the Chargé in China (Peck)

92. Your 323, May 10, 5 p.m. Please inform the Chinese Minister for Foreign Affairs orally and informally and in confidence that the Department has communicated to representatives of the American banks in Shanghai its views that, while we recognize that American banks have responsibilities of their own and have to protect their own interests, the Department would welcome the maintenance by foreign banks in China of a united front in refraining from action which might assist toward establishing the new bank and launching the new currency.

Repeated to Shanghai and Peiping. Shanghai please mail to Tokyo.

Hull