Extension of the European war to Denmark and Scandinavia resulted the loss of an annual volume of 4900. metric tons of soya beans worth $00,000 yuan, Thus the war. despite the non-involvement of Japan, finds Japan considerably affected. Japan, sorely pressed by her China exploits, was hanging grimly on to her economic balance, "with Manchoukuo adding its little "weight. Development of Manchoukuo, a cardinal necessity in the attainment of Japan's economic designs, has now become Increasingly Gimeult. Previously, lacking foreign exchange, Japan had bartered Manchoukuo "beans for German and allan machines.
Trade Treaties Nuuiined Now both of Manchoukuo's much-publicized trade Treaties with the Axis powers are nullified, From September until her entry: into. the war Ttaly had. been Manchoukuo's only "European customer.
As with the Manchoukuo-Reich agreement, the Ttalo-Manchoukwo pact was based on the barter system. Soya beans, perilla oil, peanuts and magnesite being Manchoukuo's chief assets, which she traded for machinery, vehicles and leather. She was to eta price of $11.70 per ppieul for" beans, computed in US, Currency, which issu much better Fate than she obtained in the United States.
Text read from the printed page and cleaned; old type leaves the occasional error.