The Archive · 1921

CHINA'S PENURY

Offer of Japanese Help Under the {Consortium Tokio, June 15.

The Minister of Finance, Viscount Takahashi, interviewed by a representative of the Kokusai News Agency, with regard to the statements recently attributed to him in the press to the effect that he advocated an economic alliance with China and the rendering of financial assistance by Japan even at the risk of breaking the Consortium, said: "The need of financial, assistance for China is urgent. If Japan can extend help in a manner acceptable to the other members of the Consortium this should be done. Japan's policy vis-a-vis of China must be based on the principle of mutual help and ce-operation, aiming at the economic development of the Orient. Everything possible must be done by Japan, even to the withdrawal of her troops from China, in order to remove suspicion or distrust.

"China's political and financial position is at present most unstable but efficient help cannot be extended from the countries of the West without adequate security. Japan's peculiar position demands special action because Japan is vitally interested in China's recovery.

"My idea is that the Japanese Government should undertake to guarantee the payment of any foreign loan to China. This is quite practic:! and I believe would be acceptable to the other members of the Consortium."—Reuter.

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

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