File No. 1166/3–13.
Ambassador Wright
to the Secretary of State.
American Embassy,
Tokyo, December 26,
1906.
No. 131.]
Sir: I have the honor to inclose to you
herewith an English translation in duplicate of a convention dated
October 19 last between Japan and Korea with reference to the joint
exploiting by these Governments of the forests and valleys of the Yalu
and the Tumen. This translation appeared in the Japan Daily Mail of the
14th instant, and I have since ascertained from the foreign office that
it is entirely correct.
I also have the honor to inclose a number of clippings,a all in duplicate, in regard to
Korea. Among these I may invite attention to the clippings giving the
official English translation of the new placer mining law in Korea and
of the regulations for its enforcement. Of interest is also the
editorial from the Japan Times of the 12th instant in regard to the
recent visit to Tokyo of the Korean special envoy, H. R. H. Prince
Chiyong. It will be seen that various reforms are said to be in progress
in Korea, such as the separation of the court from the government
administration proper and the foundation of the Korean Economic
Association, and that measures are being considered to secure greater
safety for life and property as well as for financial reform and for
public works.
I have, etc.,
File No. 1166.
[Inclosure.—Translation.]
japan-korea lumber
convention.
- Article I. Forests in the region of
the Yalu and the Tumen shall be exploited by the Governments of
Japan and Korea jointly.
- Art. II. The capital to be employed
for the exploitation of said forests is fixed at 1,200,000 yen,
of which each Government shall contribute 600,000 yen.
- Art. III. A special account shall be
established for the work of exploitation of said forests as well
as for the receipts and expenditures connected with such
exploitation. A statement of said account shall be submitted to
the two Governments annually.
- Art. IV. All profits and losses
connected with the exploitation shall be divided between the two
Governments according to the amount of their respective
contribution.
- Art. V. In case any increase in the
amount of the contribution provided in Article II is found
necessary, it shall be arranged by mutual consent of the two
Governments.
- Art. VI. In case detailed provisions
are found necessary in the execution of this agreement, such
provisions shall be determined by delegates to be appointed by
the two Governments.
- Art. VII. In case it is found
necessary, in the course of exploitation, to organize a company
so as to enable the subjects of Japan and Korea to join in the
undertaking, the two Governments shall determine by common
accord the means to be adopted to effect such
organization.
Done at Seoul,
this 19th day
of October, 1906.
(Signed)
Marquis
Ito,
President-General.
(Signed)
Pak-Chai-Soon,
Minister President of State.
(Signed)
Min-Yong-Ki,
Minister of
Finance.
(Signed)
Kwon-Chung-Hyun,
Minister of
Agriculture, Commerce, and Industry.
