893.516/608: Telegram

The Second Secretary of Embassy in China (Clubb) to the Secretary of State

35. Nanking’s 31, May 9, 11 a.m.60 Local press reports establishment yesterday of Nanking branch of Huahsing Commercial Bank “for the stabilization of the currency, opening up of remittances, expansion of foreign trade, and realization of economic cooperation”. Other branches are scheduled to be opened in mid-June at Soochow, Hangchow, Wusih, Chinkiang, Wuhu.

Repeated to Peiping, Shanghai.

Clubb
  1. Not printed.