Tokyo, Aug. 23.
According to the native newspapers and indeed, by admission of the authorities, the Tokyo reconstruction debentures are not popular fas an investment. The offer by the Hypothce bank on a fourth issue of '¥10,000,000: was failure, only six millions (¥6.000,000) having. been taken up. Another offer will be made, however, under authority of the Department of Finance and the Government also authorizes a premium on certain numbers. The face Value will be reduced from Y10 to Y5_so as to let everybody in.
This premium drawing of debentures under government patronage and authority is a form of gambling very popular with the public. but ten yen Appears to have been some! tif. Of course there's a against gambling, but apparently the Department of Finance "winks the other eye when the debentures are for a good cause. Anyhow, po one can lose. The investor gets his debenture and stands the chance of a premium of from Y5 to Y100 if he draws a lucky number
Text read from the printed page and cleaned; old type leaves the occasional error.