The Consul General at Tientsin (Caldwell) to the Secretary of State
[Received February 27—9:20 a.m.]
British Consulate General informs me that manager of Chartered Bank has learned from Kawamura of Yokohama Specie Bank that exchange control is to go into effect March 10 and that Sakatani will shortly come to Tientsin and endeavor to arrange for cooperation on the part of various foreign banks.
The British Consulate General is telegraphing British Embassy concerning importance of adoption of same attitude by British, French and American banks and I am mentioning this informally to the managers of the National City Bank and the Chase Bank.
Sent to Peiping, repeated to Chungking.