File No. No. 763.72112/8450b
The Secretary of State to the Diplomatic Representatives in Central and South American Countries and Mexico
The following are the present regulations of War Trade Board:
Branch houses of American firms in neutral and Allied countries must obtain special enemy trade license to trade with “enemy” or “ally of enemy” in all cases except following:
A. (1) To receive rent from “enemies” or “allies of enemies” where refusal to accept will result in failure to collect.
(2) To pay rent to “enemies” or “allies of enemies” where refusal to pay will result in forfeiture of lease or damages. Report of every such lease must be mailed to War Trade Board, Washington, after discovery of enemy interest, setting out date and date of expiration of lease, amount of rent, names of enemy tenant or landlord and other parties to lease.
B. (1) To receive in payment of indebtedness and to collect drafts or checks drawn or endorsed by “enemies” or “allies of enemies” where refusal to accept may result in failure toward collect.
(2) To pay drafts or checks drawn in favor of or endorsed by “enemies” or “allies of enemies” where refusal to pay will result in violation of law or commercial obligation.
[Page 431](3) To receive for collection drafts or checks drawn by or accepted or endorsed by “enemies” or “allies of enemies.”
(4) To become party to clearing house transactions in ordinary course of business where any “enemy” or “ally of enemy” may be member of such clearing house.
Written report of every such transaction must be mailed to War Trade Board on 5th day of each month covering transactions of preceding calendar month under B (1), (2), (3) above, setting forth dates of transactions; names of drawers, drawees, endorsers; amounts of drafts or checks. Statement of facts under (4) above must be mailed immediately to Board.
Repeat to consuls.