The Department of State to the British Embassy

The Department of State acknowledges the receipt of the Memorandum from the British Embassy dated June 11, 1946 informing the Department that the Hongkong and Shanghai Banking Corporation is about to suggest to the American group of the China Consortium that the Agreement of 1920 should now be regarded as at an end. The Memorandum also states that His Majesty’s Government presumes that the United States Government will share its view that the time is now opportune to dissolve the Consortium, and requests the views of the United States Government regarding the desirability of informing the Chinese Government of the proposed action.

The Department of State is in accord with the views expressed in the Memorandum with respect to the dissolution of the Consortium, and also agrees that it appears to be unnecessary to consult with or inform the Chinese Government about the matter.