Tokyo, Dec. 27.
The dispute between the Tokyo Municipal Corporation and French bondholders regarding repayment of the loan floated by Tokyo in France in 1912, remains as tangled as ever.
The French bondholders contend that repayment of the principal and interest, amounting to about 78,000,- 000 francs, should be made in French gold francs, and their claim was upheld in a suit brought against the Tokyo" Municipal" Government "in The Supreme Court here, however, terday upheld the claim of the Tokyo Municipal Council that the principal and interest should be repaid in the resent French legal tender and not in French gold francs.
The only solution of the problem to lie in diplomatic negotia-
Text read from the printed page and cleaned; old type leaves the occasional error.