The present problem of how to disentangle the web of finance has engaged the attention of all the Jeompetent financiers of Japan for the "last indeed out-to lend their brains to solve the puzzle, but so far the man, in the street has neither seen nex heard definite indication of success, The Showa Bank has been organized and, it is anid, will open for business very shortly, but where two months ago the announcement of th plan Ww offering hops Emsong'depoctorswiling te hocpt 40 or 50 per cent, of their money, because hard cash was their grenteot, need, the large depositors were cheered up only by the somewhat doubtful assurance that in 10 years time the obligations could all be paid.
Al a cold matter of fact the plang far given out have not aroused Hrusinam—to put it very mildly—mong the majority of the thinking went of the Japanese or certainly: among the foreigners resident or [who have make an investigation at first hand as visitors, Patience Nearing an End Some settlement or temporary' arrangement must be made and made quickly. Otherwise the time is near at hand when the wonderful patience of a creditor public wil Jat an end, Confidence in the po that be, political and financial, be at an end—whether in' the Premier, an astute politician; his Minister of Finance who so far has not impressed any one by hig rex source or his competence in high finance; or the present Governor of the Bank of Japan who stemmed the tide in 1920 and who, in the year of the grent earthquake with its five Dillion yen loss, stepped into the breach, aa Minister of Finance, from the Governor's chair in the Bank of Japan, Mr. J. Tnouye, now Gove ferner again of the Bank of Japan for a few months was the Atlas who held the financial world of Japan aloft with the aid of his friends in London and New York.
If the 200,000 depositors who have waited so patiently for six very long months can get their money, or fair instalment whether as com= pounded debt or as part payment, time to meet their obligations by, Sanuary 1, 1928, the present Govern ment stands q chance of succeeding itself; if not—don't with us a Merry Christmas.
Text read from the printed page and cleaned; old type leaves the occasional error.