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Leased Territory will be controlled in line with Manchoukuo

laws and regulations concerning the control of key industries".

A development in that direction would be in harmony with

the present Japanese policy of identifying the Leased

Territory with Manchoukuo rather than with Japan proper;

e.g. it is by means of Imperial Ordinances that the import

and Expert exchange control system of the Territory has been

made in fact part and parcel of the Manchoukuo system.

I have the honour to be,

sir,

Your Excellency's most obedient,

humble Servant,

Consul.

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