840.51 Frozen Credits/4350
The Assistant Secretary of State (Acheson) to the Counselor of the Japanese Embassy (Iguchi)
My Dear Mr. Iguchi: This is in reply to your letter of November 10, 194178 with respect to licenses releasing within the amount agreed upon the official funds for salaries for the month of November of the official Japanese establishments in the United States. Licenses were issued today by the Department of the Treasury releasing the various accounts of the official establishments and personnel which were set forth in the note from the Japanese Ambassador to the Secretary of State, no. 280, dated September 24, 1941. The licenses which have been granted cover all payments which are to be made under the arrangement [Page 902] which has been agreed upon.80 When it is desired to transfer funds to replenish these various accounts, the appropriate procedure would be for the Yokohama Specie Bank to file an application describing the transfer which is to be made. When such applications are filed, the necessary licenses will be granted promptly.
Sincerely yours,