894.24/1783
The Japanese Embassy to the Treasury Department 68
Oral
Payment for Licensed Oil Shipments
When Mr. Nisiyama called on the Treasury Office (1610 Park Road) on September 30th and had a talk on the above subject, he was given to understand that the Government of the United States was not in a position to indicate when it would reach a decision to reply to the Japanese proposal to ship gold or dollar bills from Japan in payment for the shipments.
In the meantime, two Japanese tankers were being kept at San Francisco. These vessels have waited far too long.
The Japanese Government, having been informed that the money position of the Yokohama Specie Bank in South America slightly eased off, now proposes to revert to the original plan, which was suggested by the Government of the United States, to have the money remitted from Rio de Janeiro.
The Yokohama Specie Bank, Rio de Janeiro, will arrange the following telegraphic transfers, through the Banco de Brazil, which will instruct the Chase National Bank of the City of New York, New York, to pay to:—
1. Anglo-California National Bank of San Francisco, San Francisco, in favor of Asano Bussan Kaisha, to be paid to Standard Oil Company of California
$86,000.
[Page 896]2. Chase National Bank of the City of New York, New York, in favor of Mitsui and Company, Limited, to be paid to Richfield Oil Corporation
$13,176.
3. Wells Fargo Bank and Union Trust Company, San Francisco in favor of Mitsubishi Shoji Kaisha, to be paid to Tidewater Associated Oil Company
$72,000.
The Japanese Government believes that the above arrangement meets the requirement of the Government of the United States. Upon receipt of the assurance of the Government of the United States that the relevant permits will be granted for the aforesaid telegraphic transfers, the Japanese Government will take necessary steps in order that the payment for and the loading of the oil be effected without further delay.
- Copy received in the Department of State from the Treasury Department on October 10.↩