FO371-24687 — Page 73

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Page 73

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F3460/176/10 CUT FILE/13/7/25

Important

Telepam

تنا

Mayness of rotirian

Washington

no 1518

пись

Cypher CK.

んり ん。

FILE

Marquess of Lothian

Bebeats * Chibaghing

Our

(Washington)

One result of the exchange control arrangements which are to come in force on 18th July will be that China will no longer be able to sell surplus sterling for United States dollars. We naturally regret anything which adds to difficulties of China as regards maintenance of the Fapi, but the policy which on general lines we have adopted inevitably has this result. It has occurred to us that China may well ask United States Government for a dollar credit, and we should naturally welcome this.

The above is for your information in case questions should be raised by United States Administration or by Mr. T.V. Sẵng,

- Shanghai No 705 whom we understand to be in the United

Chumping By Cathe No. States.

Pureal-t

Copy Tregoin

38 Repeated & Shaughan No. Ohmython's

JCS B.

July 13.

No.

JUL 13

XI

XII

1940

P.M.

И

CYPHER HUOM FOU

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