Again, the Convention concluded between the two countries in December, 1925, based on the provisions of the Basic Treaty, granted to Japanese subjects, companies and assocjalions concessions for the development ət certain oil-fields scattered over North Saghalien and for trial boring im unexploited oil areas over a much larger area.
The Japanese interests engaged in the execution of these concessions were entitled to the rights to export their products freely and import, free of duty. food and any other articles required for the enterprises.
Following the conclusion of this Zonvention, the North Saghalien Qil Zo, Ltd., was established in Japan, th 1926.
Since then, the company has made strenuous efforts to develóp the oil industry in North Saghalien against severe climatic conditions, the di& advantageous geographical situation the eastern coast of the island, and also against deliberate obstruction by the Soviet authorities. During the year ending in March. 1937, the sompany precluded 156,200 metric tons of crude oil at its Oaha oil field alan The production figures are almost five times as large as those for the first year of the operation of the company Government for the extension of the term by a fürther five years.
Text read from the printed page and cleaned; old type leaves the occasional error.