Nanking, Sept. 6.
"We may assert that the near future will not see the submission of China but the economic collapse of Japan," declared Mr. Wang Ching-wel, Chairman of the Central Political Council, in a radio speech over the Central Broadcasting Station this evening.
With his speech aimed at securing better popular support to the $500,- 000,000 Liberty Loan, Mr. Wang went on the air optimistic at the prospect of China's present resistance There should be little doubt, he said, as to the outcome of this "war," if) the Chinese citizens would pool their strength in pulling Chins through the greatest crisis she had ever faced.
There is a parallel between China's present campaign and any ordinary kind of business venture, Mr. Wang suggested. The more capital any enterprise was able to command, the more strong its position would be. Similarly, the more money the Otiinese people were ready to sink in this grim business of national salvation, the stronger wotild be China's strength at resistance and the greater the hope: of a final vic~ tory For this reason, he said, he could not advocate too strongly that all China's sons and daughters lend their assistance to ensure the success of Hongkew Fire Station. The fire north the Liberty Loan.
Japan's Finances This parallel, however, bold good for Japan. For the more shelled in the direction of the Far heavily her finances were involved Eastern Race Course (Yinghsiang im her China expedition, the deeper Kong) east of the Kiangwan Race domestic distress she would encounter, and the poorer her economic situation, the more vulnerable would be her fighting machine.
Mr. Wang reminded his invisible audience that modern warfare was not only military but also financial. China, therefore, must be able to hold out financially before she expects to win Speaking on the resist Chinese defenders during the Sha hai hostilities in 1932 and the present campaign, Mr. Wang said that one object has now been accomplished-a concerted national resistance.
During the 1932° hostilities, Wang recalled, more than forty enemy warships were assigned to patrol the Yangtze between Woosung and Hankow. But this time Japanese men-of-war cannot go beyond the mouth the Yangtze and the Whangpoo.
Furthermore, in 1932 only the 19th Route Army and the
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