A Warning to the Banks: Government not Redeeming Bonds Tokio, Apr. 97.
_Interviewed by press representatives, Premier Viscount Takahashi said the recent slump in shares disturbed economic circles as never before, but the Government re-grots-it has no special means of improving the situation. The Government has warned the Bank of Japan and other banks to refrain from abnormal restriction of advances.
The firm tone of the money market is due to the nervous policy of bankers since the failure of a certain Osaka speculator. The best remedy is ce-operation by the bankers to facilitate circulation.
The Government has no intention of acting on the application from a certain section of business men to redeem State Bonds to the amount of Y.100,000,000. The existing financial condition of the Empire forbids it.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.