File No. 711.942/75.

The Secretary of State to the Japanese Ambassador.

Excellency: In acknowledging the receipt of your note of this date on the subject of the property which is now held under leases in perpetuity by American citizens in the former foreign settlements in Japan, I have the honor to make all necessary reservations as to the nature and extent of the rights relating to such property.

Accept [etc.]

P. C. Knox.