894.24/1750

Memorandum by Mr. Jacques J. Reinstein, Assistant to the Assistant Secretary of State ( Acheson )

[Extract]

Restrictions on Japanese Trade and Payments in the British Empire

All British countries have frozen Japanese assets. According to the British Embassy, all have agreed in principle to the policy adopted [Page 881] by the British Government of restricting exports to Japan to the minimum level necessary to obtain essential imports from Japan.

As a practical matter trade between the British Empire and Japan is virtually at a standstill. Except for manganese and iron ore from Malaya and cotton from India, exports to Japan of products valuable from a military viewpoint have been completely cut off.

. . . . . . . . . . . . . .

J[acques] J. R[einstein]