Plea for Early Partial Writing Off to Protect Yen mn Tokyo, Nov. 2.
'The exact position and extent of 'Japan's unsecured loans in far from clear, as opinions to the interpretation of the word "unsecured, and calculations vary' accordingly, At the time of the Tariff Con. ference the Chinese official calculo. was, in round figures, Y.255,000,- 000, whi the Japanese delegates estimated it at ¥.330,000,000. ithe figures must be added the int est that has accrued since.
Inquiries made at different authoritative sources show that, even amongst those most closely coneerned, there is a wide divergency in heir calculations. Thus the Deposit Bureau of the Finance Department spots the total amount of "frozen" Poans at only ¥.200,000,000, figure! obviously too small, 'According to Sgures supplied by the Mitsui 'Trading Ca. they aggregate Y.42! 708,000, while those calculated by the' Industrial Bank tot up to approximately Y.500,000,000.
Be the total what it may, all are agreed that.the likelihood of recovering even a rt of the principal and interest far from reas: ing. Mhe general belief seems to be that, eoner or later the bulk of these unsecured oat will have to be written off, though it may be postible to effect some sort of compromise by which partial payment will be obtained from China, Deposit Bureau's Figures In so far as the Deposit Bureau is concerned, the larger unsecured loans fade to China, for which it is now include the fo ug Kokusai Keto yur Some optimism "is. now being shown regarding the adjustment of hose domestic issues. Some of the which have received hav ances from the Deposit Bhow signs of recovery, and have] already formulated plans for re-Wemption of their debt by annual Snstalments.
Both the Nihon Sigyo und the Gode Yushi Kaisha, for ex~ redemption by this mean and other yoadjustments are also under con sideration.
While all hope of recovering the enreeured loans made to China has not yet been given up, it is generally! realized that the longer they remain Ammpaid the wars will be the effect when, and if, are eventually is urged in some quarters, therefore, that they should Be partly written off as soon as pos-Bible's0 as to lessen the blow gradually, as otherwise yen exchange badly affected.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.