890F.5151/5: Telegram

The Minister in Egypt (Kirk) to the Secretary of State

2249. From Landis12 and Moose.

“We strongly feel that action should be taken on proposed currency scheme for Saudi Arabia. Eastern Bank recently requested permission to open a branch in Eastern Saudi Arabia. Establishment of British Bank might result in increasing British financial control and assumption of functions which ought to be performed by financial situation in which there is American participation. Treasury has been furnished with background material by its representatives in Cairo.”

Kirk
  1. James M. Landis, American Director of Economic Operations in the Middle East and principal American civilian representative at the Middle East Supply Center, Cairo.