Salt Lake Telegram | 1924-10-19 | Page 2 | New Minerals Awaken Interest in Saghalein

New Minerals Awaken waken Interest in I TOKIO Oct IS 18 B By A. A P. P P.- P. I pans Japans determination to secure from Russia term long-term exclusive I concessions for oil wells and coal coalmines I I mines in northern a d de determination determination de- de termination which has proved the chief stumbling block to agreement in the Russo-Japanese Russo negotiations negotiations at Peking is due to recent d discoveries of richer fields in Sag Sag- halien hallen than any the Japanese exploiters ex ex- had hitherto been able to f find nd according to several of ot the leading Japanese newspapers Japanese news dispatches assert 1 that recently engineers employed by the Japanese company compan located rich oil fields near the mo mouth th of the I Tym river on the east coast oil Foreign oil experts however are still skeptical about the value of the oil deposits The kai kal the Japanese oil company first came Into being I I five lIve years ears ago as a joint Russo- Russo J I Japanese enterprise Experience r in inI I such joint operation has led JapI Japanese Japanese Jap- Jap I anese army and na navy v officials to re regard regard rei re- re i gard ard favorably f suggestions that the exploitation be he continued in partnership partnership partnership part part- I with Russia in it case case the soviet refuses the exclusive us use e concessions conces conces- I sons the Japanese are now asking