893.102 Tientsin/642
The British Embassy to the Department of State16
Draft Memorandum Regarding Currency at Tientsin
- 1.
- The British Municipal Council will place no difficulties in the way of the use of Federal Reserve Bank currency within the Concession.
- 2.
- The British Municipal Council have decided to withdraw the licences of all exchange shops not established prior to 1939. Licences will not be issued to new shops unless they are vouched for by the Native Bankers Guild and have adequate capital. Licences will be renewable monthly.
- 3.
- Any points of difficulty which may arise in connexion with the application of the above measures will be discussed locally between the British and Japanese Consuls General.
Washington
, April
16, 1940.
- Handed by the Counselor of the British Embassy (Butler) to the Chief of the Division of Far Eastern Affairs (Hamilton) on April 17.↩