JAP GOLD & MACHINES

Grey River Argus, 20 September 1945, Page 5

JAP GOLD & MACHINES

TO GO AS REPARATIONS Big Firms to be Broken (Rec. 11.5). NEW YORK, Sept. 18. Mr Edwin Fauley, an American member of the Allied Reparations Commission, stated: The Allies intend to seize the Japanese gold. It is variously estimated in value at from three hundred million to two thousand million dollars. The seizure will be . made under a reparation policy. That will be tough on Japan. Mr Pauley, who shortly is going to Japan, said: “We do not propose to leave any of the gold with the Emperor of’Janan, although it will bo onlv a drop' in the bucket compared with total expenses of war, without mentioning losses in Allies lives. We are not interested in the lost Japanese machinery, which was a poor imitation of our own. We will remove everything having any war potential from Jaoan, so that Japan cannot wage war within the foreseeable future. But physically we do not want these Ihings. A -sensible thing would be to leave the Japanese installations in China and Korea for use by those countries in building up their own industries.” He added: “The Mitsui and Mitsubishi" Companies and the other large Japanese industries will be broken. Their external assets will be. seized and will be made subject to reparatloGeneral MacArthur has suspended the influential newspaper Asahi Shimbun,’' for publishing articles alleging that the United States broke international law by the use of the atomic bomb, reports the Associated Press correspondent. General MacArthur has permitted I he Japanese to resume an air service from Tokio limited to Jour planes flying at the same time. 'General MacArthur has transferred his headquarters from Yokohama to the Daichi Sogo (First Mutual Life Insurance) building in the Hibiya district of Tokio.