AFFAIRS IN JAPAN

Wanganui Herald, Volume LIII, Issue 160711, 26 July 1920, Page 5

AFFAIRS IN JAPAN

«s*. TOKIO, July 23. Tho Minister of Finance, M. Taka--shashi, announced that a loan of a hundred million yen for the South Manchurian railroad would be floated in the United States in the near future. M. Tr.kashashi, answering questions concerning the Jones shipping law, said it would doubtless affect Japanese interests, but Japan was preparing to take the wisest steps to meet the situation. Because they were not invited to the International Seamen’s Conference at Genoa, the officers and engineers of the Japanese ncicantdr fleet informed the Govo.nmenT, Fiat they will not abide by the conference decisions. NEW YORK, July 23. Seven thousand five hundred dollars in gold were shipped to Japan during tho first ten days of July. It is thought Japanese investments in the United States are being liquidated and the procc-ds sent to Japan. It is expected that four million dollars in gold will be sent to Tokio before the end of July. M. Akiradon, Financial Commissioner, stated that neither the Japanese Government nor the Bank cf Japan has any connection with this gold export, which is only the normal exchange of private banks. Hie present total gold reserve held by the Government and the Bank of Japan, consisting of the heme gold reserve and credit abroad, amounts to 1921 million yen. ALLEGED' CORRUPTION. TOKIO, July 23. Renewed charges of official corruption, involving Ministers Takahashi, Yamamoto, and Nakahashi, were presented in the Diet, demanding a complete investigation. Hie charges are accompanied by a commercial agency’s report showing the shares held in the names of the° sons and wives of the Ministers at the end of 1919 as compared with the same shares in May, 1920, showing that shares were sold prior to the recent slump.