It also, provides that, with a view to developing trade between Japan and French Indo-China, Japan will purchase tige. maize, pepper, salt. 'Ox hide, resin. silica,' zine, tin. iron ore and manganese from French Indo-China. while the latter will buy textiles and miscellaneous Seltiement of accounts will be done through the Yokohama Specie Bank to which Japanese buyers will pay In yen when they purchase goods from Indo-China, while the -Yoko-ama Specie Bank will open a cur—rent account in the Bank of Indo-China for a similar purpose. Settle~ ment of accounts will be done every three months and if the balance exceeds 5,000,000. the settlement will be made in foreign currency. possibly' American dollars.
The accord provides that 12 months] deferred payment will be granted for Japenese purchases of rice from Indo-China. Over a dozen Japanese firms will be permitted to join the federation of importers and exporters in Indo-China, while Japsnese fnanders will be permitted to participate agricultural, mining. electric utility' and transport concessions in Indo-China in the form of joint con-
Text read from the printed page and cleaned; old type leaves the occasional error.