“Money to both domestic and foreign creditors for goods sold
on credit, or money of similar nature which had been left
unpaid by the
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old
North-eastern administrative regime since its complete
extinction as a result of the September incident of last
year, reaches quite a sum. These creditors, including those
of Japan, Great Britain, the United States, Germany, France,
Austria, Norway, the Netherlands, Czechoslovakia, Sweden,
etc., accordingly have approached the new Manchoukuo
Government for payment of their claims which total over Yuan
12,000,000, Manchoukuo currency, representing 1,100 odd
cases.
“On the part of the Manchoukuo Government it may be mentioned
that the work of adjustment of these claims commenced as
early as January this year, by the Fengtien Provincial
Contracts Liquidation Committee, and investigations have
been continued by the Central Government since last August.
For this purpose, the Commission for the Liquidation of
Claims has since been specially created to study the matter
carefully. This Commission has been able to draw up a plan
of settlement which received the approval of the State
Council at its last session. Minute examination of
individual cases, based on the general policy, has been
outlined, and the said plan is to be commenced shortly.
- “Firstly, the plan indicates the claims whose
contracts had been concluded since 1930, and wherein
goods duly delivered amount to approximately Manchoukuo
Yuan 7,110,000. Of this amount 35 per cent, or about
Manchoukuo Yuan 2,500,000, will be paid in cash during
the fiscal year of the first year of Tatung (from July
1st, 1932 to June 30th, 1933) and 20 per cent, or about
Manchoukuo Yuan 1,500,000, during the fiscal year of the
second year of Tatung in uniform ratio to all creditors.
The balance of this sum will be paid in 3 per cent
bonds, redeemable in twenty years, whose total face
value shall be equivalent to the sum to be paid.
- “Secondly, in regard to contracts agreed upon prior to
and including 1929 as well as those whose goods not
delivered total Manchoukuo Yuan 5,310,000, or
thereabouts, the sum of contracts or damages incurred in
each case will be reasonably decided after careful
investigation and paid in similar bonds with face value
equivalent to the sum so decided.
“As it is thus clear from the foregoing both domestic and
foreign creditors, regardless of their nationality, will be
treated uniformly equally.”
