893.5034 Registration/12–745: Telegram
The Secretary of State to the Chargé in China (Robertson)
1974. Following from Commerce: Re telegram 2113, December 7, Commerce has taken view that those portions of China Trade Act which do not accord with altered conditions following abolition of extraterritoriality are inoperative. Commerce soon hopes to be able to present to Congress proposed amendments to the Act to make it accord with existing conditions. Business groups are presently studying the Act for the purpose of presenting unanimous proposals to Congress. Unanimous proposals when reached will be forwarded to Embassy, but at this time all parties are agreed that there should be retained the main purpose of the Act, i. e., the exemption from certain American taxation of China Trade Act companies for the purpose of promoting trade with China.