QUOTAS AND PRICES
JAP OIL LAW PROVISION EFFECT ON FOREIGNERS [British Official Wireless.] (Received 12.30 p.m.) RUGBY. December 28. Further representations were made yesterday by both the British and United States embassies in Tokio in regard to the effects of the new Japanese oil law upon foreign countries. It is understood that the proposed Manchukuo oil monopoly was not discussed on this occasion.
The new Japanese law, which requires cbmpanies 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 suppliex's, the effect of the law upon foreign companies will be not only to involve them in heavy additional capital expenditure, but also to deprive them of the opportunity to recoup themselves by increasing their ti’ade.
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Northern Advocate, 29 December 1934, Page 9
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140QUOTAS AND PRICES Northern Advocate, 29 December 1934, Page 9
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