Commandant en Chef Les Forces Navales d'Extreme Orient.
The prohibitive regulations in force here m regard to exports from Tsingtao are still in force. Japanese exporters are getting round the regulations which are chiefly aimed at obtaining foreign currency, by negotiating their export documents at Shanghai at current rates and obtaining permits to ship in Tsingtao from the local authorities, Other exporters are unable to obtain these permits to ship unless they negotiate their documents through the Yokohama Specie Bank' at the official rates of % for sterling and 29 for USS.
As a result of these strangling restrictions, non-Japanese exporters are forced to remain inactive, while Japanese shippers are selling freely to Europe and America, specially to the latter country and it is reported that they have made sales for November/December/January shipment.
Japanese merchants are selling on the basis of shipment from any North PA ale
Text read from the printed page and cleaned; old type leaves the occasional error.