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FIXING REPARATIONS FROM JAPAN

Received Tuesdav, 9 p.m. NEW YORK, May 19. The Far Eastern Commission has anilbunced that it has agreed that repara tions to be taken from Japan should be distributed among the claimant Countries on the basis of human and inaterial damage suffered by each during the Wai- with Japan and the conti'ibdiiqn oi each made to Japan 'a de feat. The repai'atio'ns would be taken from Japiin ' ' through existing eapital equipmeiit aiid facilities or sueh JapaiK ese goods a3 exist dr will in future be pfddtibed. " The reparations must not fendaiiger the pi'bgrainmfe fbr the demilitarisiition of Jdpan or p'fejitdice the deftayirig the cost oi the oecupation and fiihihtenance of a minimiiiii eivilian llviiig standard. .Rfeiiter sayd the Cdiiirfiission 'a defeis ion provide's the ioiiiidation oi a general agreemeiit whe'rfe'bii tltfe programme for the distribution of reparations can be built: It adds tliat tlife flbcision is only a portion of a bfoad overall poliey db'cdiiifetit bfeiiig jj)rbpfirfed by the Coin mission. The Commission issued a direetive to General MaeArthur regarding tht sources of Japanese imports and deatin atipn ojt Japanese expofte. "Commercial exports shall be niade oiily to re cipidntS wllb agrefe, iii exfehaflgfe, to pro vidfe imports necessary ^ior Japan or to ■ pay for Japanese exports in foreigh exfehange usable for proetiring necessary imp,orts. The interfest& of all members oi United Natidn^ khhil be taken into eofifcidfer&tidri aild ihfe price for allocated cbiiliubditieS shail. be the satne for all tfebipife'fits Ril(] shfi.ll,- iii be fixad firt tlife ievel oi festfi.blifehfed wbild prices. Tttfe Intfer-Aliied Bbfeitl b'f S'rade may recommend individual treatment for differeut types of imports and exportB. ' '

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHRONL19470521.2.37

Bibliographic details

Chronicle (Levin), 21 May 1947, Page 5

Word Count
273

FIXING REPARATIONS FROM JAPAN Chronicle (Levin), 21 May 1947, Page 5

FIXING REPARATIONS FROM JAPAN Chronicle (Levin), 21 May 1947, Page 5

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