ECONOMIC WAR

Grey River Argus, 30 March 1946, Page 5

ECONOMIC WAR

In Manchuria RUSSIANS v. BRITISH. (Rec. 10.10.) NEW YORK, Mar. 28. A dispute between the British and Soviet is developing over the ownership of the Tshurin Company. This is Manchuria’s biggest commercial institution.

A New York Herald Tribune cor respondent says: Herman Poliatkov, who is the Tshurin Coy’s Mukden manager, declared that Soviet companies bought from the Britishowned Hong Kong-Shanghai Bank a ninety-nine per cent interest in the Tshurin Coy. M. Poliatov claims that the Soviet purchased' its interest from, a Russian who held the banks’ power attorney. Soviet interests took over the Tshurin Company last Autumn. Thereafter they expanded its activities as an important instrument of economic penetration. The Tshurin Coy operate small factories. It also imports and exports on a large scale. Mr. C. £■. Hankinson, the Hong Kong-Shanghai Banks’ Mukder manager maintains that the bank is the rightful owner of the controlling interest of the Coy. He claims that Russians negotiated a stock transfer without the banks’ knowledge oi consent. Meanwhile, the Chinese dispute recent purchases of Japan-ese-owned factories in Mukden, Harbin and other places in Manchuria.