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DRADM
M
to in Butler,
gton.
Following from Treasury for Phillips. begins"
F.O. 30 Dec 1940.
~ No 156 ~
Confidential information from Nanking suggests that new Wang Ching Wei Central Bank hopes to obtain backing for its
Draft telepam proposed note issue by tapping exchange resources of Chinese
to
Stabilisation Fund with Chinese national currency collected in puppet area and sent to Shanghai. They claim that 50,000,000 Chinese dollars initially at disposal of this bank have already been exchange into U.S. dollars.
Mr Butter
Washington
This information (for what it is worth) may be of interest to Mr. Morgenthau.
3769 pler AKY
Special Treasury.
by Is Young (y)
Sir
i J. Bidan upa. 122
30/12 Dec 30
12 ron.
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