Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-06-09
JAPAN REFUSES
To TURN. OVER
FUNDS TO CHINA
Peking Branch of Yokohama
Bank WitfihoIds Salt Mon
opoIy Surplus Money Amer
lean Loan Scored,
iAs.oelatea Pres. aforementioned

Peking, April 30.--Japans refusa
70 cooperate with the qnntuple groul
Of bankers In turning over $500, 00l
Mexican Of the salt monopoly surplus
FUND TO the Chinese government mas
created much comment IN China, and
has provoked hostile criticism from
press friendly to the Yuan shi-kai
| government
Sir Richard Dane, the foreign di-
rector Of the salt monopoly. approx ed
of the release Of S5,500000 to the
/ Chinese government and gave assur-
ance that such action viii ia no way
imperil the interests of the i've for
! cign poVefs which made the loan With
the salt monopoly as security How
ever updcr Instructions from Toxic,
the Yokohama Specie bank in Pc
king has declined to turn over TO the
Chinese authorities 100000 which II
had deposited with IL 10 the credit of
the salt monopoly.
japanese Hostility Inferred.
This action on the part Of Japan
Is interpreted by the Chinese press
as an indication that Japan desires
10 prevent the Picking government
from getting money at this time TO
pat down the revolutionary movement
In the south
The PelSing Daily News, in discuss
ng the acton of Japan. says: "Ac-
lions speak louder than words ia
pan processes friendship towards
China. and Is seriously perturbed if
her motives lie questioned Fortunate
~ the demands of last year need no
Interpreter They speak for them
selves And SO il is with regard TO
the recent action OF the Japanese gov
eminent in respect of handing over
Chinese money to the Chinese govern
rnent.
Other Ranks Pay.
In terms Of the certificate granted
by Sir Richard Dane four of the five
banks concerned in the reorganization
loan have handed over their quota Of
the surplus Of salt revenue to the
Chinese government, but the Yoke
mama Specie bank, under instructions
from Toxic, has declined To hand
over the SS00,000 deposited with it to !
the Chinese authorities, presuming to
set up another authority than that /
provided for by the loan agreement !
The action on the face Of il looks de- !
cidedly unfrendly, and if the Japa-
ncse find themselves less in favor here
than they We're before, the fault can
only rest with themselves as they
have heen guilty of an offense which
'annot lac lightly cond0ned. The re-
organization loan agreement pro
1ides that II the Inspector general Sir I
tichard Dane, as it happens to be, is
Hiisfied that there Is sufficient sur
llns To meet the stipulated charges
lpon the revenue. the banks are au
horned to release the deposits lodged
With thcm from tho saii revenue and !
land them over To the Chinese gov
'rnment For some reason or other
he Japanese government has seen fit /,
o depart from the terms Of the loan I
Iereemeni I'm the opinion of Toxic I
he determining authority is no longer !
O be Sir Richard Dane and his col
eague on the inspectorate general.
ut the japanese government. or
hose who are charged with the re-
possibility of advising them on mat
ers Chinese. Their action IS palpahly
ltra wires of the agreement. FVi-
Iently the scrap Of paper theory I
reNails in Toxic where agreements ;
re regarded as binding only on the
ther purity Japan. according TO her ,
tatesmen, Is to be a law unto herself. {
nd to do exactly as she plcases in 5
nina. Fortunately. the amount in )
Owed at the moment is not a large I
ne but The offense is not lightened I
n that account, and no further com
rent is needed than the recital of the :
act that the other banks observed
ne terms of the agreement and paid
yer their respective quota. Pune
llous Japan, however failed To do