PROTESTS TO JAPAN
Effect of New Oil Law (British Official Wireless.) iiugby, December 28. Further representations to the Japanese Foreign Office were macle yesterday by both the British and United States Embassies at Tokio in regard to the effect of the new Japanese oil law upon foreign companies. It is understood that the proposed Mauehukuo oil monopoly was not discussed on this occasion. The new Japanese law. which requires companies to store six months’ supply of oil. gives tlie Government power to ’fix quotas and prices. As it was recently announced that in fixing quotas all increase in trade would be alloted to Japanese suppliers, the effect of tlie law upon foreign--companies would be not only to involve them in heavy additional capital expenditure, but to deprive them of opportunities to recoup themselves by increasing their trade.
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Dominion, Volume 28, Issue 82, 31 December 1934, Page 7
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137PROTESTS TO JAPAN Dominion, Volume 28, Issue 82, 31 December 1934, Page 7
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