Empire of Japan (economic and Financial Data) - North Sakhalin and Japanese-Russian Fishing Convention

North Sakhalin and Japanese-Russian Fishing Convention

The Japanese and Russian oil wells, in the same oil zone, were strictly controlled to ensure equitable exploitation. The pits stayed in direct connection with the Moskalvo port in the west coast of Ohka through a network of oil pipelines.

In 1925, the Soviet Government granted Japan petroliferous and carbonaceous concessions in North Sakhalin to Mitsubishi, Itoh-Korada, Mitsui and other Japanese Companies for a period of 45 years. By Protocols and agreements signed in Moscow in May 1944, these concessions expired 26 years before the accorded time in 1970, while a new Japanese-Russian accord over fishing conventions agreed to the formal retirement of some Japanese fisheries in the Far East to Japanese concessors, the right of Soviet Organizations to buy annually and for auction 10% of Japanese fish shares, and a supplementary payment in gold for Japanese owners.

When modifying these fishing conventions in 1928, according to the activities of Soviet Fishing Organizations, citizens were subject to substantial reductions. The Japanese-Russian accord of March 1944 cancelled all restrictions previously observed.

Japanese subjects and foreigners were banned from fishing in certain maritime zones in the Far East under an agreement with the Soviet Government made in July 1941. The Japanese Government also guaranteed that fishing rights on the East Coast of Kamchatka and Olyutorsk were not taken up by the Japanese.