894.24/1575½
Memorandum by the Adviser on Political Relations (Hornbeck)
[Washington,] July 19, 1941.
Mr. Welles requests that the necessary papers be prepared for putting into execution:
- 1.
- A freezing of Japanese and, simultaneously, of Chinese funds;
- 2.
- A prohibition (restriction?) of imports of silk (and other important imports?) from Japan;
- 3.
- A lowering of the specification for octane content of gasoline and a reduction in the qualities of lubricating oils export of which to Japan may be licensed and establishing of a quota for exports of petroleum products based on a period in which the exports were not abnormally large.
Mr. Welles said that he would like to have these papers ready by Monday.94
- July 21.↩