NEGOTIATIONS WITH JAPAN

Greymouth Evening Star, 29 December 1934, Page 7

NEGOTIATIONS WITH JAPAN

ANGLO-AMERICAN EFFORTS. [BRITISH OFFICIAL WIRELESS.] RUGBY, December 28. Further representations to the Japanese Foreign Office were made yesterday by both British and United States Embassies at Tokio, with regard to the effect of the new Japanese oil law upon foreign companies. It is understood that the proposed Manchukuo oil monopoly was not discussed on this occasion. The new Japanese law which requires companies to store six months’ supply of oil gives the Government power to fix quotas and prices. As it was recently announced that in fixing quotas, all increases in trade would be allotted to Japanese suppliers, the effect of the law upon foreign companies would be not only to involve them in heavy additional capital expenditure, but deprive them of opportunities to recoup themselves by increasing their trade. Admiral Chatfield and Mr Craigie, members of the British delegation in the recent naval conversations, to-day discussed with M. Yamamoto, the contents of the reply which the Japanese representatives received from Tokio in response to their request for instructions on certain technical questions, which arose before the conversations were adjourned. They took luncheon with Admiral Standley of the American delegation to-day, and this evening, Mr Craigie had a. meeting with Mr Norman Davis. The American delegates will leave for America to-morrow, but the aspects of the naval limitation issue are likely to continue to be under discussion.