Tokyo, Sept. 17.
Officials of the Ministry of Finance took steps yesterday to tighten foreign exchange control regulations as a sequel to the arrest in Kobe of 27 members of an alleged international money smuggling ring, Measures will be taken to stop an possible loopholes for violation of exchange regulations, Domei was informed, The alleged smuggling ring was believed io have reaped a profit of about one million yen in two months by taking American dollars from Japan {o Shanghai, where they were exchanged for Japanese yen, Members of the band also were alleged io have smuggled gold watches and platinum into Japan from Europe and America, The 27 under arrest comprise 18 Russian Jews, an Ameri. can, an Englishman, an English woman, four Chinese and two Japanese, It was reported that the police expect to arrest as many as 160 more. Some members of the ring allegedly traveled frequently between Kobe and Shanghai as agents for the leaders to take American money to the latter city, Police seized 12 dozen gold watches at the home of one of the members of the
Text read from the printed page and cleaned; old type leaves the occasional error.