Tokyo, May 22.
Japanese police seized three Britons at Nagasaki on Monday when they discovered that illegal yen transactions were being carried on by foreigners operating between Shanghai, Kobe and Osaka, with their headquarters in the Cathay Hotel in Shanghai, the "Asahi Shimbun" reported here yesterday.
The names of the three Britons, who were seized when disembarking from the shuttle steamer Nagasaki Maru, were not available, the newspaper said. The "Asahi" reported that a search of the three men produced 200,000 yen concealed in their hats and shoes and sewn into their suits.
The Britons were alleged to have confessed they were working with 30 Britons and Indians at Osaka and Kobe. They were said to have revealed they smuggled yen from shanghai, bought Japanese goods, substituted foreign for Japanese labels, and then sold them at Shanghai. In this way, they were alleged to have confessed, they netted 800,000 yel United Press.
This would place the Colonies in a position to finance out of their own resources the administration and social services required. The object was that the Colonies should become, as far as possible, self-importing units.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.