Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1917-06-29
JAPANESE LOAN
To RUSSIA WAS
IN NEGOTIATION

TOXIC, June 29.-Japan was negot-
tiating with Russia to make war loan
to that country when the revolution in
crrupted the pourparlers, said Kazuye
: Shoda. Japan's Minister of Finance, to
, the correspondent Of The Associated
tFress while discussing Japan's pro-
Iposed financial assistance to the En-
itente powers The Minister did not
say whether the interrupted negct'a-
tons 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-
dressed the opinion that the financial
aid to the Entente, supplementing ia
pans dispatch of a fleet of warships
to the Mediterranean Sea, showed that
Japan was doing everything in her
power to help the Allies successfully
prosecute the war.
He declared that loans to the allies
and the contemplated purchase of En-
tente securities held in the United
States would tend to check the outflow
of gold from the United States to ia
pan which appeared to be causing some
apprehension in the United States. The
contemplated purchase of securities
was not to be an official operation. 1t
was being arranged by group of i'm
portant banks, including the Yokohama
1Specie Bank. the Industrial Bank Of ia
pan, and leading financiers of Osaka.
you must remember" remarked Mr..
Shoda, referring to the movement OF
gold from the United States to Japan
that the Importation of specie is gen
orally regarded as a disadvantageous
operation"
Minister Shoda, in an address before
the prefectural governors referring to
Japans financial part in the war, said
Our own people may sometimes
forget the fact that our country is
party to the war for our military opera
lions are not conspicuous on the sur
face. But the Empire is giving the al
Lies every assistance at its command,
and the special fund needed for that
purpose reaches no small amount. or
unately at the outbreak of the war, our
national treasury was in such fine
condition that we did not have to seek
a special revenue source in defrayine
those expenses. But what the close OF
the war will bring no one knows except
he prospect that the expenses will only
increase. The government, therefore,
is at present considering the ways and
means to solidify the foundation of our
wartime finance"
| That Japan was continuing to enjoy
great material prosperity was shown,
he said, by the fact that up to the mid
die of May the excess of exports over
| Imports had reached the total of about
1910 1000 900, or about three times as
great as the previous year for the
same period. This had brought about
an over-supply of money which consti-
tuted great problem. The way of dis
posing of this surplus money could not
be definitely outlined in days like these
when the world finance is full of sud
den changes.
THE investment of our capital IN
China" he went on, lis indispensable
in realizing the economic cooperation
between Japan and China. For that
purpose the financial organs must be
unified and readjusted and cooperative
enterprises of Japanese and Chinese
must be encouraged. 1t should be re-
membered, however, that the interests
of the two peoples should be promoted
for their common good and conflicts
should be avoided as far as possible"
I'VE must be prepared to respond un-
. fiinchingly to orders for war supplies
ilu order to help the allies win the war
l feel it is our duty to give the allies
! every convenience in paying for the
war supplies from our country"