June 19, AccorDING to the "Osaka Mainichi" quoted to-day, a group of important Japanese concerns are about to spend a large sum of money in prospecting for oil in the island of Saghalien, Our Peking correspondent recently dwelt on the great interest which the Japanese take in the oil possibilities of Saghalien, which, he prophesied, would play an important part in the negotiations for recognition and other matters between Japan and Russia. Our correspondent expressed the belief that Japan would be quite ling to buy Northern Saghalien, and he speculated as to when ther Moscow, if it were disposed to sell, would be able to get of the Amel Sinclair Syn cate, to which it granted an extensive tract in Saghalien in 1921, extending up the eastern coast from just above Lat. 50° to the regions of Lat, 53°, a strip of some 200 miles in length by per-laps three and a half deep.
One is inclined to doubt when" ther Moscow would ever be dis-' posed to sell its remaining half. of Saghalien. But supposing, that it were, it is important to
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