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Show l o So 10 lAKE OVERLAP HPS Japan to Receive Steel Plates for Use of Their Ship-ping. Ship-ping. WASHINGTON, March 37. Negotiations Nego-tiations for transfer of 150,000 tons of Japanese shipping to the United States have been completed on tho basis of two tons of steel plates for one ton of deadweight ship capicity. Signing of the agreement is all that remains. The United Statos first asked for 300,000 tons of ships and negotiations proceeded on that basis until the Russian debacle brought up tho possibility possi-bility of Japanese action in Siberia. Japan was unwilling to relinquish moro than 150,000 tons, asking in return re-turn the lighting of the steel export embargo so that she might replace the ships with new ones. As one ton of plates makes about threo tons of shipping ship-ping she will gain 50 per cent shipping ship-ping capacity in the end. Prices which the United States and Japan will pay for the ships and steels, respectively, .have not been made public. pub-lic. U Is understood that the shipping board, which administers tho law suspending sus-pending the prohibition against foreign vessels ontering trade between American Amer-ican ports, will put no obstacle in tho way of Japanese shipping firms obtaining ob-taining permits for trade between the Pacific coast and Hawaii. While the big Japanese liners always stop at Honolulu between Yokohama and American ports they have been prohibited pro-hibited by law from taking any passengers, pas-sengers, or cargo between the island and the mainland of the United States. This agreement is understood to bo in the nature of a preliminary one intended in-tended to bridge over the poriod of negotiations now being conducted by American Ambassador Morris at Tokio for a wider and more permanent understanding, un-derstanding, i oo |