The Archive · 1937

Shoe a ea aad

Sree eet eae Sich seen a faction, the. gold. being readily meresantablo Commodity. Whereas no important "quantity er "cota be sold by the Treanty "without reskin the market.

[The movement of gold from Japan also receives notice in the same letter." Total shipments the United States from Japan between March and August having reached US.$190 million of which US.$86 million hed been received" by the end of July, US$44 million being on the way. This naturally aroused interest in. the Japanese Government's decision to revalue its Fold reserve "to record more nearly: with the {International value of the yen." The. bulletin, notes that the value of he currency is not sffected but a profit of Yen" 800 million calculated. From it e 1 Additional gold is expected to Be available fof ex-fort in. support of yen. exchange "now.

reuute, "of trade. Sslaneee running hesvly The prospect of large-scale hostilities in China had sot apparently impressed itself on American, observers at the time that comment was made,

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