JAPANESE ASSETS
GOLD TO BE SEIZED STRIPPING WAR PLANTS REPARATIONS FOR ALLIES (10 a.m.) NEW YORK, Sept. 19. Mr. Edwin Pauley, the American member of the Allied Reparations Commission, states that the Allies intend to seize Japanese gold, which is variously estimated at from 300,000,000 to 2,000,000,000 dollars, under the reparations policy. “That will be tough on Japan,” he said. Mr. Pauley is shortly going to Japan.' "We do not propose to leave the gold with the Emperor, although it will only be a drop in the bucket compared with the total expenses of the war, without mentioning the losses in Allied lives,” he added. "We are not interested in lost second-hand machinery, which is a poor imitation of our own. We will remove everything having a war potential from Japan so that it cannot wage war in the foreseeable future, but physically we do not want these things. The sensible thing would be to leave Japanese installations in China and Korea for use by those countries in building up their own industries.” He added that the Mitsui, Mitsubishi and other large industries will be broken and their external assets seized and made subject to reparations.
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Gisborne Herald, Volume LXXII, Issue 21823, 20 September 1945, Page 5
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196JAPANESE ASSETS Gisborne Herald, Volume LXXII, Issue 21823, 20 September 1945, Page 5
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