The Archive · 1939

Misapprehension

Some misapprehension soams to have existed at last Saturday's Japanese Press conferences the actual position. brought about. by the Jenclusion of the Anglo-apanese Agrevment regarding' to Chinese Cusioms, and {hema tenance of the. servicing of the foreign loan ud. Boxer Indemnity. It was not designed solely for. the protection of British interests fat for all foreign interests, and tore partic Jeuarly' those of the 'Chinese. "The agreement part provided forthe remiiance of adequate fquctas rom ports in the occupation of Japanese determined upon the gross collections. of all ports during each month, and the: maintenance loan. and. indemnity' servicing nea frst charge upon the revenue after deducting the maintenance expenses of the Customs Adminis" ration and certain Customs payment and fronts. There were at the time coriain funds in the Hongicong & Shenghai Bank representing arrears of the Japanese portion of the Boxer indemnity. which it was agreed should be paid over to the Japanese, the agreement also pro= viding for farther fulure payments for (his well as the Japanese portion of the Reorganization Loan of 1013, while Customs funds collected in ports under Japanese control would be paid into the Yokohama Specie Bank. Since the detecting of this agreement last May the Chinese [Government which from the outset disapproved jot it have consistently refused to permit of its being implemented. Since that time large sums of Customs revenue which are lying in The Sun Sun department store are celebrating their fourteenth anniversary.

The 34th monthly drawing of the Central [Savings Society took place on January 16.

Text read from the printed page and cleaned; old type leaves the occasional error.

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