The Bridgeport evening farmer., 1917-06-28
JAPAN WAS TO HAVE LOANED
 RUSSIA FUNDS
War Purse Being Arranged When Revolution Broke
 Out.

Tokio, June 2S-(Corresponden Japan was negotiating with Russia to make war loan to that country when the revolution interrupted the pourparlers, said Kazuye Shoda, Japans Minister of Finance, to the correspondent of The ' Associated Press while discussing Japans pro- posed financial assistance to the En- tente powers. The Minister did not say whether the interrupted negotia- tions would be resumed.
 The minister previously stated that his country was negotiating, to make loans to Great Britain and France. He could not fix the amounts, but he ex- pressed the opinion that the financial aid to the Entente. supplementing Japan's dispatch of a fleet of war ships to the Meditegranean Sea, showed that Japan was doing every thing in her power to help the Allies successfully prosecute the war.
 He declared that loans to the Allies and the contemplated purchase of Entente securities held in the United States would tend to check the out flow of gold from the United States to, Japan which appeared to be caus-
 
 States. The contemplated purchase of securitiesrwas not to be an official operation It was being arranged by a group of important banks, including the Yokohama Specie Bank, the Ins dustrial Bank of Japan, and leading hnanciers of Osaka
 ssYou must remember" remarked MT. Shoda, referring to the movement of gold from the United States to Japan, '.that the importation of specie Is generally regarded as a dis advantageous operation.'' .
 Minister Shoda, in an address be- fore the prefectura1 governors re- ferring to Japan's financial part in the war; said
 Our own people may, sometimes forget the fact that ouf country is a party tD the war for our military op- erations are not conspicuous on the surface. But the Empire is giving the Allies every assistance at its com mand, and the special fund needed for that purpose reaches no small amount Fortunately at the out break of the' war, our national treas ury was in such fine condition thai we did not have to seek a. special rev. enue source in defraying those ex- penses- But what the close of the war will bring no one knows except the prospect that the expenses will only increase. The Government therefore.s IS at present considering the ways and means to solidify the foundation of our wartime finance" !"
 That Japan was continuing to en- Joy great material prosperity was shown, he said, by the fact that up to the middle of May the excess of exports over imports had reached the total of about $11O,000,000, or about three times as great as the previous year for the same period This had brought about an Over-supply of money which constituted great problem The way of disposing of this surplus money could not be defi- nitely outlined in days like these when the world finance is full of sudden changes.
 The investment of our capital in G1lina," he went on, '.is indispensable in realizing the economic cooperation between Japan and China For thai purpose the financial organs must be unified and readjusted and co-opera- tive enterprises of Japanese and Chinese must be encouraged. It should be remembered, however, that the interests of the two peoples should be promoted for their common good and conflicts should be avoided as far as possib1e.''
 we must be prepared to respond unfiinchingly to orders for war SUD- plies in order to help the Allies win the war. I feel it isSour duty to give the Allies every convenience in pay ing for the war supplies from our country"