New York, Mar. 15 American importers here have fled complaints with the United States Treasury Department against the over-valuation of Japanese controlled currency by U.S. customs officials, it was learned here.
They said the customs men are adding to the serious difficulties of trade with China by evaluating the Japanese controlled currency at 100 per cent, more than the Japanese value it themselves. An appeal is planned on this matter to the United States Customs Court, The Federal Reserve Bank dollars issued by the Japanese are not recognized by foreign bankers or traders and Chinese exporters con. tinue to use the Chinese national dollar in fixing the value of merchandise sold to Americans and others. The Japanese require export permits, however, and through this agency compel the exporter to translate the value of their goods into Federal Reserve Bank notes, artificially adding 30 to 40 per cent, to the value, it was stated,
Text read from the printed page and cleaned; old type leaves the occasional error.