Claiming that business conditions Shanghai prevent them from Fepaying the loans they obtained from dhe "Rehabilitation Fund" of the Japanese Residents' Corporation, nine borrowers of large sums last Wednesday discussed plans to petition for a 30° years' race, the local Japanese press reported on Thursday. The fund, Jamounting to about $5,300,000, ws fioaned by the Japanese " government to aid in the recovery of Japanese traders, who were seriously "affected by' the anti~Japanese boycott and the [Shanghai hostilities.
The loan Is to be repaid in ter year instalments beginning in 1938. Another meeting of borrowers will held on Sunday, when plans will be discussed to secure the co-opera tion of similar groups in Tientsin and in Tsingtao, where "rehabilitaton funds" were also set up.
Text read from the printed page and cleaned; old type leaves the occasional error.