893.4061 Motion Pictures/5–1445: Telegram

The Acting Secretary of State to the Ambassador in China (Hurley)

900. Hays Organization has informed Dept US distributors willing accept Finance Minister’s 10 percent remittance proposition at 20 to 1 exchange rate (Urtel 777, May 14) if effective immediately and you think impossible to obtain higher percentage.

Hays requests your cont[inue]d cooperation for better conditions and asks also that negotiations with Govt re foregoing not be notified to US film managers Chungking.