pointed out that although the present production petroleum in Japan or in territories under Japanese influence are insuMelent for peace Lime requirements, the storage policy adopted by the Japanese Government over a period of years has to be taken into account in assessing the possibilities of a shortage. It is specifically stated that over and above those resources the stocks purchased by the Japanese services on their own account are considered to be adequate for a considerable period. The sources of foreign all supplies received by Japan are from United States of America 633 per cent. Netherlands East Indiex 30.0 per cent, British Worneo 66 per cent, USSR. 5 per cent. Various countries 90 per cent.
The enforcement of the Neutrality Law, if it occurred, would not affect American shipments for liquid fuels would not come under the heading of "arms and war material" and even if they were treated as an article to which the principle of "cash and carry" applied Japanese tanker fleets would be fully sufficient to over~ come such difficulties as might then arise, The conclusion is that, short of a definite embargo, Japan is likely to obtain all the petrol she requires and the stocks in hand are regarded as In no sense likely to cause an anxiety,
Text read from the printed page and cleaned; old type leaves the occasional error.