Following the Finance Minister's assertion on November 6 that "with such elated exchange rates it is Clear the gold. release is indeed' near," the leading Japanese. papers ive prominence to reports that Mr, Teushima, the: Finance Commissions, er who is now in New York, ig) negotiating with' Messrs, Motgan Go, for an overdraft of $100,000,00 in favour of the Yokohama Specie: Bank for the purpose of supporting' fan early lifting of the embargo on gold exports which has been forced since 1017.
Negotiations are reported tobe' four ably and this,' vapid approach to par, leads financial experts to ¢xpect that the signing of the: over draft agreement in New. York will be followed immediately by Tokyo's official announcement on the: date of the embargo's termination, pro-leahly January or February.—Reuter.
Statement! by Finance: Minister Tokyo, Nov: 9.
Denying the press report: to the effect that the Tokyo Government is- conducting. negotiations in: New York: through her Financial. Com-Diusionor therewith Messrs, or. gan & Ca, either for securing an overdraft in favour of the Yoko-fama Specie Bank or for the ext lishment of credit in. favour of Tapan the Fisaneo Minister Mey inouye inn prose tnterviw said:
"Tt is true that the Financial Commissioner, Ins. Teushina, icon acting some'negotntins with the Sorceress St Mens.
Morgan & Ca., but that does" not mean that he is negotiating for the signing of a contract for overdraft behalf the 'Yokohama Specie Sen or for the-extablisnment nf credit fu America os a, relay tak the ifting. of one gold embargo, The teal fact matter is that Mr. ima' is on! Tonfering withthe vopreventath of the American firm witha 0 obtaining' the latter's moral. 2 pore for the proposed removal of gold export ban.
"As I have repeatedly stated in the past, the Government will make povvioue asnourcement'aa to the date of the proposed removal of gold embargo, Notwithstanding the not make any definite state-front about the matier oe the coming feneval convention ofthe: Kwantat Bankers to be held in Osaka
Text read from the printed page and cleaned; old type leaves the occasional error.