893.51/7253: Telegram

The Consul at Hong Kong (Bruins) to the Secretary of State

[Extracts]

254. The following is a paraphrase of strictly confidential report from Fox for the Secretary of the Treasury.

[Here follows comprehensive report of the economic situation in Japanese-controlled Shanghai.]

… [“] I therefore unhesitatingly recommend that all Chinese funds in the United States be frozen, that simultaneous action be taken by both the American and British Governments and that a satisfactory organization be established for unfreezing Chinese funds.”

Bruins