Tokyo, May 8.
Further details published by the press today regarding the new economic treaties signed on Tuesday by Japan and French Indo-China reveal that the agreements will be effective five years and continue in force unless they are denounced by either party a year before the expiration date, The treaty of navigation provides among other things that both Japanese subjects and ships will be accorded "national treatment" in French Indo-China, The agreement concerning Customs tariffs, trade and method of payment consists of more than 30 articles with annexed documents. Most favoured nation treatment will be accorded by both parties but the agreement stipulates that more than 40 major articles of Japanese merchandise will be exempted from Customs tariffs by French Indo-China, that a new tariff lower than ithe existing minimum tariff will be imposed on some 130 items of Japanese manufacture including cotton piece goods and mi cellaneous goods, and that the present, minimum tariff will be levied on more than 400 articles of Japanese manufacture, Developing Trade It also provides that. with a view to developing trade between Japan and French Indo-China, Japan purchase tige, maize, pepper, ox hide, resin, silica, zine, tin. iron ore and manganese from French Indo-China while the latter will buy textiles and miscellaneous goods.
Settlement of accounts will be done through the Yokohdma Specie Bank to which Japanese buyers will pay in yen when they purchase goods from Indo-China, while the Yokoren ence e testiianesienaniaanscsacesanenineametasia hama Specie Bank will open a current account in the Bank of Indo-China for a similar purpose. Settlement of accounts will be done every three months and if the balance exceeds Y.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 Japanese 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 Japanese finanders will be permitted to participate in agricultural, mining, electric utility and transport concessions in Indo-China in the form of joint concerns,—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.