Tokyo, Apr. 17.
While the resolution passed by the National Association of All-Japan Stock Exchanges to ask the Tew of two per cent. on stock-<i ends appears to reflect the growing regarding the prevailing Economic conditions of the country, informed foreign observers do rot appear to be unduly perturbed concerning possible developments in the future.
The resolution, which was one of a number adopted by the National Association of All-Japan Stock Exchanges yesterday, has for its oisjeet the encouragement of industry and the elimination of unemployment, in, regard to which another resolution asks the Government to take immediate steps to stabilize the situation, The newspapers are giving prormiinence to news concerning inereasing unemployment, Labour disputes, business depression and other similar signs of economic and social unrest, Dut. close observers assert that, fundamentally, the situation in Japan is lees serious than in most other countries at the present time. They oid to the view" that no serious development. is. likely unless general world conditions worsen, as, they believe, the financial depression in Japan is mainly due to external causes, which accentuate the fact that the financial development of Japan has not kept pace with her industrial development.
Service Mai tained by Volunteers Apr. 20.
Despite the general strike of tramwayman, which materialized to-day following the ction of the Tokyo Municipal Council in reducing their bonus, a fairly good service is being maine tained on the principal routes by volunteer drivers and conductors.
The Municipality, in anticipation of the strike, called for volunteers and there was a satisfactory. response, The volunteers, who are yeeeiving plenty of good natured chaff from the passengers, appear to enjoying the novelty of their ex-
There have been a number of collisions owing to the inexpertness the amateur drivers and four Heople have leon ser.ously hurt while several have su(fered minor
Text read from the printed page and cleaned; old type leaves the occasional error.