The Archive · 1941

Big Copper Deal Concluded Here

American Trading Company Transfers Coins, Ingots to Japanese Authorities

Although final details have yet to be worked out, a transfer of about $10,000,000 in copper ingots, stored Japanese authorities has been concluded, it was learned yesterday. The transfer has been negotiated by the American Trading Ca. and the Japanese authorities through Mr. Elly Widler who, it may be recalled, was alleged to have been connected with the removal of approximately $3,000,000 in copper coins and ingots from the Commercial Express Company's godown in Szechuen Road a few months ago.

The transfer, it is said, has been referred to the home office of the American Trading Ca. in New York, and the final approval is expected in the very near future.

Tt was also learned that Major K. M. Bourne, Commissioner of the Shanghai Municipal Police, had received a letter from Mr. Harris G.

Nelson, attorney for the company, in which the American lawyer stated that as far as the American Trading Ca. was concerned, the charges against Mr. Widler could be withdrawn.

This deal, it was also learned, would include the $3,000,000 of copper which were taken by the Japanese authorities previously. On that occasion, the copper was removed from the godown in Szechuen Road for essential, have been advised VON continued presence in Hongkong &!Von Tucknow Lucknow Declared 2°. Declare by the United States Consul-General to leave.

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

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