"They tive paid scanty attention to consideration of the more import-fant task of eliminating the causes tending to disturb the general peace," he stated.
"The great Powers should do their best to maintain peace in those regions where they can effectively extend their stabilizing influence:
"It is our settled conviction," Mr. Arita continued, "that the stabilize tion of east Asia constitutes an in. [dispensable demand for our national existence.
our sacred obligation to mankind to see that peace and order are preserved in these regions.
"For this reason, we deem it of urgent necessity to' readjust relation-Jships between Japan, China and [Soviet Russia, with Manchoukuo link, with the view of inaugurating Jcordial and neighbour ly relations en-bhanging the cause of peace.
Referring to the "frequent and unfortunate frontier disputes which Jseemingly have given rise to many alarming rumours in Europe and the United States," Mr. Arita declared that "we have no thought of resort-Ing to action unless others launch aggression upon us.'
Mutual Ca-operation Mr, Arita, at the conclusion of his statement, was swamped with questions, one of which was whether coand Japan Shanghai, Apr. 25, Generak principles guiding the preparation of the National Budget for! situation in North China was, ox-the 25th Fiscal Year have been [decided upon by the Government, and the revenues and expenses" are expected to be balanced, Dr. H. H. Kung, Minister of Finance, told press representatives yesterday on his arrival from Nanking. The various Yuans and ministries are drawing up their formulated principles.
Referring to the question of the exchange of silver into legal tender notes, Dr. Kung said the time limit which expires on May 3 will most Ukely be extended for a few months {in consideration of the welfare of the people in the interior or frontier Spain Honours Chinese Leaders Madrid, Apr. 25.
One of the highest Spanish distinctions, the Grand Cordon of the Republic, was conferred yesterday vy Senor Martinez Barrio, Provisional President of Spain, upon Gen. Chiang Kal-shek, President of the Chinese Executive Yuan; Dr, H, H, Kung, Chinese Minister of Finance and Vice-President of the Executive Yuan; -and Gen, Chang Chun, Foreign Minister of Aistricts, where legal tender notes fare not in elroulation due to the absence of branches or agents of the three Government banks, Turning to the water conservancy plans, Dr. Kung.pointed out that with the recent successful closing up of the Yellow River Dyke at Tungehwang in west Shantung, efforts are now being [made toward the dredging of the river channel s0 as to ease the flow of its currents, Equal share of attention being paid to afforestation work along all the waterways with a view to preventing future floods, Since the centralization of water conservancy work by the National Economic Council, all technical experts are gathered together to make careful plans. All local water con~ /servancy organs have been instructed to take up dyke strengthening work in their respective areas and to adopt natural methods of irrigating farm~ land, he said.
Despite the recent amendments, the Draft Constitution, will promulgated on May 5, as originally scheduled, according to Dr. Kung. Jdraft will be submitted to the People's Congress for final consideration.
Text read from the printed page and cleaned; old type leaves the occasional error.