From semiofficial sources Manchoukuo comes an interesting Wisclosure of the course of events and developments in that state as seen through the eyes of a friendly observer. Naturally the exposition strongly favourable to the new administration, but at the same the actual facts revealed are worth examination and extracts are Accordingly made. 'The feeling in Manchoukuo regarding recognition 4g said to be that of indifference, in the sense that the advantages' of recognition seem to be so self-evident that it is hardly worth diseuslon, especially among foreigners. in Marchoukuo, who acutely feel the Gisabilities of the present non-recognised condition whic! of fact, puts them at an disadvantage than ever competition with Japanese trad Generally, Manchoukwo itself is in clined to leave the subject of recog: tion alone and to work hard Dringing about order and prosperity 40 that eventually recognition may come on the basis of the actual facts Of the position, Reference has al ready been made to the claims of Foreign creditors which have been Bettled by the Manchoukuo Govern ment and to the success of that Government in balancing its budget, Currency Reform A considerable and steady in-grease in revenue is expected in the future and the improvement in. the Dandit situation is noted az likely to contribute usefully to that result, Steps taken to reform the enrtency receive sp ial atten ti from Japan in order to carry out the enforcement of the new law.
The Postal Service is now stated to be working satisfactorily and it includes an airmail service operating between the principal points in Manchoukuo, resting references to the jo situation are made and ly denied that the open door does not exist, although it is freely admitted that the low value of the yen and the special Position of Japanese authority in Mlanchoukuo naturally operates to the advantage of Japanese trade. /Y'he official view expressed in Chang-chan is to the effect that while the present world tendency towards a harrow economic nationalism must inevitably affect Manchoukuo's outlook as well as that of Japan, there [ix no.
son. to believe that more liberal views will not find acceptance when the world itself is inclined to abandon purely nationalist tendon
Text read from the printed page and cleaned; old type leaves the occasional error.