Tokyo, Aug. 1.
Issuing a manifesto emphasizing the four big problems confronting Japan, namely, her China policy, thought control, the financial situation and removal of the gold em-argo as being too serious to solved under the existing unstable political situation, which is duc to the presence of two evenly-balanced Parties, Mr. Takejiro Tokonami has resigned his post as adviser to the Minseito (Opposition Party) and has declared his intention of forming a new party for the purpose of breaking up the balance of power, Though the possibility of his secession had been rumoured previously, Mr. Tokonami's action at the present moment has come as a complete surprise, and it is expected that it will have far-reaching results, as a large number of his followers are expected to secede to his mew party and to support the Seiyukai (Government Party), thus raining the chance of the Minseito and succeeding th:
4) A drastic cut in State oxponditure and early lifting of the gold Leader's Statement, Tokyo, Aug. 1.
In the course of declaration as regards secession from the Minseito, Mr. T. Tokonami puts stress on Japan's policy toward China stating that when Jupan's special rights and.interests in Manchuria and Mongolia are menaced by disorderly conditions prevailing in China for many years, Japan should not indulge in. temporizing measures under the cloak of noninterference in China's -domestic affairs, but should do everything' within' her power to protect her rights and interests by legitimate and positive means, In conclusion, he further declares that by establishing a new political party, he is determined to lead in doing' away with the existing state of alfairs—Toho.
Text read from the printed page and cleaned; old type leaves the occasional error.