Word: sakhaline
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...most important item on the agenda is the transfer to Japan of the northern half of Sakhalin Island, property of the Soviet Government. This island, known to the Japanese as Karafuto, is situated to the east of Siberia and to the north of Yezo, northernmost island of the Japanese Empire...
...Southern Sakhalin was ceded to Japan in the Treaty of Portsmouth (1905) which terminated the Russo-Japanese...
There is, however, a complication in the Sakhalin controversy. Late last Winter an American, Harry F. Sinclair, head of the Sinclair Consolidated Oil Co., obtained an oil concession on northern Sakhalin from the Soviet authorities. Japanese aspirations were rendered transparent by the hostile comment of a large part of the Japanese press. The Soviet Government through its representative at Tokyo, Adolph A. Joffe, is trying to get Japan to settle with the Sinclair Co., in case Russian Sakhalin is ceded...
Sometime ago Mr. Sinclair became interested in the possibilities of petroleum production in Sakhalin, and his representative, Mr. Templeton, has been in Moscow for months without being able to bring the matter to a head with the Soviet authorities. Meanwhile Japan wishes to buy northern Sakhalin for $75,000,000 from Russia, who demands $500,000, 000 for it. While the Soviet envoy, Adolph A. Joffe, is deadlocked with the Japanese in Tokyo, the Soviet leaders in Moscow are apparently flirting with Sinclair in order to induce the Japanese to raise their...
...Northern Sakhalin is sold to Japan, Sinclair's much-discussed oil concession there will of course be worthless. The whole episode would furnish a worthy theme for a novel by Oppenheim. Sinclair's attempted penetration of the Russian oil fields follows the development project undertaken in the Baker petroleum district by the Barnsdall Corporation, another American company...