893.51/3–146: Telegram

The Counselor of Embassy in China (Smyth) to the Secretary of State

396. Situation changed by new exchange regulations promulgated February 25 and going into effect on March 4. (ReEmbtel [Deptel] 276 of February 13.) Provisions for functioning of appointed banks intended to cover foreign banks. Adler will visit Shanghai next week and report85 on how regulations are working out with respect to American banks and whether any further action necessary.

Smyth
  1. Apparently no report was sent.