893.516/632: Telegram
The Secretary of State to the Consul General at Shanghai (Gauss)
Washington, July 13,
1939—4 p.m.
244. Chungking’s 432, July 8, 1 p.m. The Department understands that American and other foreign banks voluntarily agreed in conferences with the Chinese financial authorities in August, 1937 to discourage new or largely increased Chinese deposits. Has this policy [Page 684] been abandoned by foreign banks? Your comment on Chungking’s telegram under reference would be appreciated.
Repeated to Chungking and Peiping.
Hull