Page 85
Page 85
3.
will import materials from Japan, Manchoukuo and Meng-
chiang in order to absorb the bank notes issued by the
Federal Reserve Bank."
5.
It is impossible to believe that this statement
is more than partially true and that the bulk of the
issue of Federal Reserve Bank notes have been used
initially for purposes other than the expenses of the
military occupation.
6.
I am indebted to H.M. Commercial Secretary for
the information contained in this despatch.
I have the honour to be,
With the highest respect,
My Lord,
Your Lordship's most obedient, humble
Servant.
aalturon
(In the absence of H.M.Ambassador).
35
Page 85
Page 85
Page 85Page 86