893.5151/652: Telegram

The Consul General at Tientsin (Caldwell) to the Secretary of State

177. My 163 of July 24, 5 p.m. and 166 of July 27, 3 p.m.95 Tientsin Manager of Federal Reserve Bank yesterday informed a reliable American newspaper correspondent that the bank has received from the German Bank a formal application to cooperate fully on the link system through its branches at Tientsin, Peiping, and Tsingtao, and that the prompt approval of the Provisional Government is expected.

Tientsin Manager of Federal Reserve Bank expressed the private view that Japanese business interests in North China would be satisfied if the British and Japanese Governments would agree to seal the North China silver reserves, leaving the question of ownership to be determined at the end of hostilities, but he doubted whether the Japanese military here would be satisfied with this.

Repeated to Chungking, Peiping, Shanghai, Tokyo.

Caldwell
  1. Neither printed.