Article 1.　The purpose of this Law is to accelerate the sound development of national economy and contribute to the smooth operation of international economy through the demand and supply adjustment of internationally scarce materials, etc.

Article 2.　When it is specially necessary for the demand and supply adjustment of materials stated below, the competent Minister may, in accordance with the policies and plans determined by the President of the Economic Stabilization Board, issue necessary orders concerning the allocation or distribution of such materials or order the restriction or prohibition of use, transfer or receipt, or delivery thereof;provided that necessary orders concerning allocation or distribution may be issued only on materials listed in Attached List:

2　When it is specially necessary for demand and supply adjustment of materials mentioned in each item of the preceding paragraph and it is recognized that the normal operation of national economy may be hampered and the public interest may be injured even with the order or disposition provided for in the preceding paragraph, the competent Minister may, with the consent of the President of the Economic Stabilization Board, order the owner of such materials to transfer the same materials, specifying the time and price of transfer, transferee and other necessary matters.

3　The price specified by the competent Minister in accordance with the provision of the preceding paragraph shall be a reasonable one based on the current price.

4　The Government shall, as may be provided for by Cabinet Order, compensate for loss caused by orders issued under the provision of paragraph 2.

5　The treatment of mortgage and other necessary matters in connection with the issuance of an order under the provision of paragraph 2 shall be provided for by Cabinet Order.

6　A person who is not satisfied with a disposition made under the provision of paragraph 1, under an order of the competent Minister under the provision of the same paragraph or under the provision of paragraph 2 may raise an objection to the President of the Economic Stabilization Board.

7　The President of the Economic Stabilization Board shall, when an objection has been raised under the preceding paragraph, make a decision in writing, after holding a public hearing with a previous notice of reasonable period, to the person who has raised an objection and send a copy thereof to him.

8　Necessary matters concerning the procedure of raising objection, previous notice, hearing and decision shall be provided for by Cabinet Order.

Article 3.　The Materials Demand and Supply Adjustment Council (hereinafter referred to as "the Council" ) shall be established within the Economic Stabilization Board.

Article 4.　The Council shall, upon the request of the President of the Economic Stabilization Board, make deliberation on the policies and plans to be determined by him concerning demand and supply adjustment of materials listed in each item of Article 2 paragraph 1 and report the results thereof to him.

2　The Council may, when it is specially necessary, make a proposal to the President of the Economic Stabilization Board concerning the matters provided for in the preceding paragraph.

Article 5.　The Council shall consist of one Chairman and fifteen or less members.

2　The Chairman shall be the Director-General of the Economic Stabilization Board.

3　The members shall be appointed by the President of the Economic Stabilization Board from among persons of learning and experience.

4　The members shall serve part-time.

5　Other than those provided for in the preceding paragraphs, necessary matters concerning the organ taking charge of the affairs of the Council and the proceedings and operation of the Council shall be provided for by Cabinet Order.

Article 6.　The competent Minister may, in connection with the application of the provisions of Article 2. receive a report from the persons concerned on the following matters. In this case, the competent Minister may, when he considers that the persons concerned failed to report or made false report, cause the concerned officials to enter the offices, business shops, factories, plants or warehouses for inspection of business conditions or books, documents and other necessary articles:

2　The officials concerned making entrance for inspection in accordance with the provision of the preceding paragraph shall carry with him the identification card showing their status and show the same to the persons concerned upon request.

3　The power of inspection under the provision of paragraph 1 shall not be regarded as given for criminal investigation.

Article 7.　The power belonging to the competent Minister in accordance with the provisions of this Law or orders issued under this Law may be delegated to the governor of To, Do, Fu or prefecture as may be provided for by Cabinet Order.

Article 8.　Any person, who violates the order under the provision of Article 2 paragraph 1 or 2, shall be liable to penal servitude not exceeding ten years or a fine not exceeding one million yen.

2　Any person who has committed the crime under the preceding paragraph, shall be punished with both penal servitude and fine, if the case demand it.

Article 9.　Any person, who has failed to report or made false report under the provision of Article 6 paragraph 1 or who has refused, obstructed or evaded the inspection under the same paragraph, shall be liable to penal servitude not exceeding one year or a fine not exceeding one hundred thousand yen.

Article 10.　In case any representatiye of juridical persons, or any proxy, employee or any other worker of a juridical person or an individual commits, in regard to the business of the said juridical person or individual, any offence under Article 8 paragraph 1 or the preceding Article, not only the actual offender shall be punished, but also the juridical person or individual concerned shall be punished with a fine under the relevant Article;however, this shall not apply to a juridical person or an individual, if it is proved that, with respect to the business concerned, proper care and supervision have been exercised for preventing the said effence committed by the proxy, employee or any other worker of the juridical person or the individual.