:

In the circumstances, I think our

recommendation would certainly be to take no

action in advance of any action by the Japanese,

and I am very doubtful whether we can really

make up our mind in advance of any such action

on the policy to be followed subsequent to it.

Perhaps, however, it would be a good

thing to have another meeting in the light of

anything that the Board of Trade discover at

their meeting with the ship owners.

take it that if you agree you will be

responsible for arranging for this?

May we

I am sending copies of this letter to

Seal, Shackle, Harding and 3later.

Your sin carly

(m) Hanry Mone

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