The Archive · 1940

Tientsin Silver Being Handed Over

Tientsin, July 9.

A portion of the silver in the British area earmarked for re~ let is now in process of being handed over. The transfer was started today and is expected to be completed today or tomorrow.

The action is being taken in accordance with a recent agreement between the British and Japanese authorities.—Reuter. agreement, has been paid over to the Sepanese authorities as from July 9.

The authorities concerned had vrisinally intended to import Austral wheat in conneetoin with the refugee relict scheme but the Australian Authorities refused to export wheat but allowed the sale of wheat flour.

Accordingly it is generally expect Jed that Australian wheat flour pur chased with funds from this silver appropriation, will begin towards the fend of this year and that.the quantity tobe imported will come to over 200,000 sacks of flour.

Another Fund Under a special distribution scheme, the flour thus imported will hhondled by a special: importers' guild which will ensure the cheaper dis+ tribution and sale of the four.

Receipts from the sale of flour will form another fund for the purchase fof other foodstuff. so that the sliver refugee relief fund will form a semi Permanent revolving fund.

Regarding negotiations between the French and Japanese authorities on policing problems in the French Concession, vit. is understood that Sgreement will be reached on July 12 between Mr. Yoshio Muto, Japan ese Consul-General, and Mr. L. Colin, the French Consul. Following these negotiations. talks on the disposal of silver held in the French Concession wil begin, A portion of the silver hela in the French Concession will therefore be added to the present silver refugee funds, probably within the next Weak, it is generally expected.

Under present circumstances, due to the opposition of the French and British governments to the proposal when originally made, the sale of French Concession silver in the ndon market will be dificult 0 ut into practice—Domel.

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

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