THE NEW TOKIO.

Thames Star, Volume LVII, Issue 159223, 12 September 1923, Page 4

THE NEW TOKIO.

PLANS BEING MADE. (Sun Cable.) OSAKA, September 10. The Minister for Home Affairs Goto and the mayor of Tokio are making a special study of plans for the reconstruction of the capital and it is understood experts from the Home Department have already decided on a general ’me of procedure which wdllshortly be arnounced.

One question which is being anxiously discussed in business circles is the effect of the moratorium upon the money market which at present is very tight here. Some authorities advocate the extension of the moratorium, outside the earthquake zone but Osaka bankers think this will be unnecessary Business in foreign exchange is practically at a standstill but in view of the necessity of importing foodstuffs, building, 'materials etc. there is great demand for sterling and dollars.

NEW YORK, September 11. A radio message from Tokfo states the Government has tentatively adopted a plan to rebuild Tokio. It will resemble somewhat the United States capital. Meanwhile corpses are stall lying about the streets. Japanese industrialists have* bordfeireKi m'odern .technical manufacturing equipment from America thus assuring the rise of an entirely modern Tokio from the ashes of the disaster. Foreign refugees are being sent to Kobe, some going directly home. The food situation is much improved with the steady arrival of relief ships..