tack Govt.: Storm of Protest throughout Japan From Our Qwn Correspondent, Tokio, Feb, 14. the Government is added: to 'The storm that has burst from this amount, the total comes to financial and commercial circles 'Wen 1,680,000,000.. Such being the throughout the country end from financial standing of the country, the Pross, with regard to' the, the papers conclude that: the loan Joan for Yon 550,000,000 just nego-business has been badly bungled. fiated by Japen's financial commissionora in London and. New FALSE NATIONAL, PRIDE, York, has been of an unprecedent-The fact that the Netherlands ed nature, "No pains, are being taken by "those dissatisfied with Government wag able to float ai East India loan last Novembe the terms of the flotation to cen-in the New York market, with insure the authorities or to- disguise their disgust with the manner in which the Japanese Government Argent year with terest at 6 per cent., and the Argentine @ loan interest. of 6.9/10 por cent, both itted, the financial strength of more favourable than the' terms iis Empire against the capital-accorded -Japan, is the reason ists of Lombard Street and Wall why the Press azd financiers in Street. this country declare that Japan The purposes for which the is "being disdained by foreign Joan werd floated were two-fold. investors" and that "eho is re-One was to obtain funds for regarded now as a third-daas construction and the other was to redeem the pound sterling loan power so for as her financial standing is concerned." which matures next year and at It is admitted on all hands that the sume time to regulate the ex-Japan might have floated loans change rate. Although the sum to the extent she hes already done, valsed is Yon '%0,000,000—namel; jor even to a larger figure, at much Gold $150,060,000 in America an more advantageous rates if she +£26,000,000 in London—no less had offered some form of security, Yen,000,000 must for instance, the profits -arising aside for' the con-from the monopoly. That ion of loans in pounds falco national pride, a sentiment sterling which matures in 1926, that has to be reckoned with very The rate of pound atoning loan is 4 por cent, and mit a wound although it is much in Japan, that will not financiers here are naturally ask-patent, prevented the authorities ing why the authorities floated a from offering seourit In avoid-Joan bearing interest of from 6 to ing this "shame," the country has per cent. for the purpose, had to pay the high interest rates UNLIED 18 CONDEMNATION, that foreign capi ists have de-'The Press ig unanimous, in con-manded. domning the loan, declaring that
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