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Includes: Events in China. Completion of the conquest of China by the communist forces. A year of crises for foreign interests. Nationalist Government establishes itself in Taiwan and prevents revival of trade by its blockade of China's coastline. Remoteness of the chances of survival of private enterprise. Declaration of the "People's Republic of China" on September 21st Recognition by the United Kingdom on January 5th 1950. Appointment of Mr J.C. Hutchinson as Charge d' Affaires. Chinese Currency. Depreciation is such that by the end of April, the Gold Yuan' is no longer accepted'. Reappearance of silver dollars. Communist regime forbids the circulation of foreign currency. Introduction of the Jen Min Piao at the equivalent of US1.00?RMP (PB) 1,300. Peoples Bank Dollar also declines, reaching 38,000 by March 1950. Introduction of "parity savings deposits", text of regulations. Hongkong Dollar circulates in Canton [Guangzhou]. United States Relations with China. In August 1949, the State Department issues a White Paper, "United States Relations with China, 1944-1949". Letter of Transmissal from Secretary Dean Acheson in the Appendix.* Sino-Soviet Treaty. Extract from an article in "The Times" outlining the terms. Mutual defence, return to China of the Changchun Railway, Russian withdrawal from Port Arthur, 300 million dollar credit.* Shanghai Municipal Council Employees. HM G. assumes responsibility for payments due to SMC and Teintsin [Tianjin] Concession employees. Cargo for Shanghai. Far Eastern Freight Conference is persuaded to resume the issue of through Bills of Lading to Shanghai, subject to surcharge, Ministry of Food Purchases of China Produce. Representations urging that orders be placed through established merchant houses. Inspection of China Produce. Newly established Government Testing Bureaux attempt to oust British Cargo Surveyors in Teintsin [Tianjin]. Chinese Government Laws and Regulations. Regulations and Notes promulgated since the establishment of the Peoples Government, Banking, Trademarks, Economy, Export Trade, and Registration of Foreign Property. Defence measures in Hongkong. Undesirable nature of British Press comment. Hongkong Municipal Reform. Unofficial Members of Legislative Council propose amendments to the changes suggested for Municipal Reform. Hongkong Airport. Agreed that the Air Ministry shall make the preliminary survey and report. Hongkong War Supplies. Pressure on the Colonial Office to settle claims of merchants for contracts for war supplies entered into before the outbreak of war. British Industries Fair. Hongkong participates for the second time. Japan Peace Treaty. Recommendations of the Japan sub-committee submitted to the Foreign Office. Trade with Japan. Trade arrangement reached between certain sterling area countries and Japan calling for balanced trade and a rationing of the sum available for purchases. Text of the official statement, including a list of commodities which Japan may buy. Restrictions under the Trading with the Enemy Act removed. S.C.A.P. lifts its controls. Taxation in Japan. British firms protest against payment of taxes in Japan while their claims against the Japanese Government for war losses remain unpaid. United Kingdom Chamber of Commerce in Tokyo, Formation of, with a branch in Kobe. Far Eastern Private Chattels Scheme. Following the decision that no compensation be paid from public funds for War Damage in Hongkong, HM G. agree to make limited payments to British Subjects who return to the United Kingdom for permanent settlement. China Association Relief Fund. Statement of accounts.* Chronological Summary from 20th April 1949 to 12th March 1950. Includes Attack on and escape of HMS Amethyst Fixing of the Yen exchange rate, B.O.A.C. open service London to Hongkong. Embargo imposed on certain supplies to China. Appendix. White Paper on United States Relations with China. The Sino-Soviet Pact of Alliance and Mutual Aid.
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