The Archive · 1926

JAPAN'S GOLD POLICY REVIEWED

Bankers Anxious for Removal of dangerous criticism, in the Japanese rspapers. In consequence over 60 suppressed by the Government in three days, beginning from November 9. It is doubtful whether the Government will earn much newspaper support for the Premier, who seems to have been the target for a lot of unnecessary mud throwing, by its methods of defence. the Embargo Osaka, November 27, Speaking at the annual meeting of the Bankers' Association to-day, the Minister of Finance, Mr, Kataoka, reviewed Japan's gold policy. He said: "The time has been reached when we must hurry in our preparations for the removal of the gold embargo."

Mr, Kataoka did not define the time for lifting the ban, but announeed that he would continue to ship Government specie abroad. Furthermore, the gold held by the Bank of Japan would also be shipped when it was deemed advisable, thus endeavouring to maintain an ample stock of specie abroad.

Mr. Kataoka pointed out that the restoration of the gold standard could not be effected by the Government's efforts alone and urged the ce-operation of the bankers actively to prepare the ground—Reuter, Ir was rumoured several days ago that fighting had broken out round Hangchow and Sungkiang, but investigations could bring no proof of the assertion, It has now been established that slight trouble occurred between the Ist Division (Chekiangese) and the 2nd Division Northern mercenaries) at Sung-Kiang. The latter are stationed there and the others were passing through by train, The northerners had forbidden hawkers to get on the station platform, These orders were disobeyed, when the military train stopped. The one group wished to purchase, the other tried enforce their orders.

Invectives and demonstrations followed, but no damage was done.

Text read from the printed page and cleaned; old type leaves the occasional error.

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