Word: sakhalin
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Dates: during 1920-1929
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News came from Moscow that an ordinary court of law had annulled the Sakhalin Island concession granted by the Bolshevik Government in 1923 to the Sinclair Consolidated Oil Co. on the ground that the Company had failed to keep its agreements. At Moscow, it was said that the case would not be take to a court of appeal, though a representative of Harry F. Sinclair in the U. S. averred that it would be appealed. The sum of $100,000, paid to the Bolshevik Government as a guarantee of fulfillment, was ordered to be returned...
There remains to be considered the fact that, at the time the Sinclair concession was made, the Bolshevik Government was making recognition overtures to the Japanese Government and that Japanese troops were occupying Northern Sakhalin, which accounted for the inability of the Sinclair interests to work its concession. There is nothing to prove collusion between the Japanese and the Bolsheviki to void the Sinclair concession; but, in the Russo-Japanese treaty (Protocol B., Article 1) signed Jan. 20, 1925, it was expressly provided that Japanese were to receive "concessions for the exploitation of 50% of the area of every...
...Russo-Japanese parley, was again resumed at Peking, capital of China, between L. M. Karakhan Soviet Ambassador to China, and Kenkichi Yoshizawa, Japanese Minister to China. The Japanese evacuation of the northern part of the island of Sakhalin (TIME, July 7), was hitherto the stumbling-block in the negotiations. An early agreement, resulting in the recognition of Russian by Japan, was forecast by political observers...
Under the terms of the Treaty of Portsmouth, signed at Portsmouth, N. H., in 1905, Russia ceded a southern portion of the island to Japan. That was part of the price paid by Russia for losing the Russo-Japanese War (1904-5). Now Sakhalin, or Karafuto, is rich in alluvial gold and coal deposits. Its surface is covered by vast forests of larch and fir trees. Large tracts of land arc fit for pasturage and agriculture, and there is oil, as Oil Shah Harry F. Sinclair could testify. The climatic conditions are on the whole excellent, and are comparable...
This is a sketch of the reasons which inspire the Japanese Foreign Office to obtain from Russia the northern half of the island known as Sakhalin and Karafuto. And in return for such apparent magnanimity, Japan is willing to cancel Russia's political debt* to her and joyfully accord her de jure recognition...