893.4061 Motion Pictures/9–645: Telegram

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

1403. Hays Organization has informed Dept. that U. S. film companies advised Chinese authorities holding up remittances under pretext new arrangement negotiated by Embassy (15% remittables at official rate 20 to 1) taking effect September 1. Hays understands agreement provided arrangement effective for year 1945 beginning January 1. Please telegraph report clarifying situation.