Bitter Blow to Trade: Moscow's Dictation at Urga Peking, May 27.
The Mongolian Government has notified the foreign landowners of Urga that they must surrender their title-deeds, for which they will receive 30-year leases, subject to payment of rent and taxes, The Government reserves the right to increase these at any time that conditions improve.
This comes as the final blow to business men who have faced the change from thriving times at the beginning of the year to impossible conditions, and it is believed that this is attributable to the influence of Moscow through Russian advisers, who dominate the Urga Government.
In_ addition to Chinese many Russian and several American and British concerns are affected by this threat of confiscation. It is believed that if it is carried out, it will lead to a protest to the Waichiaopu, as in the eyes of foreign powers Mongolia is still an integral part of China.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.