Questioned as to China' attitude concerning the reported convocation of a World Economic Conference as sequel to the conclusion of the three-Power accord, Dr. Kung said China had not yet been informed by the League of Nations to that effect, but, should such a proposal ize, China will give it favourable ception. If necessary, she may send delegates to take part in the parleys.
London, Oct. 13.
An agreement has been' reached In principle whereby Great 'Britain is. {0 grant China export credits amounting to several million sterling, it authoritatively learned here' to-day.
The agreement provides for th? purchase by China of large quantities of British goods under a guarantee {rom the British Government similar to that which accompanied the credit of 210,000,000" granted to. Soviet Russia in July.
An official statement on the subject will be made on Thursday.
It Is understood that an important appointment may be made shortly In connection with the agreement, but so far this has not been confirmed. The name of Mr. Colin Mark. Patrick, Conservative MP. for the Tavistock division of Devonshire and former Parliamentary Private Secretary Sir Samuel Hoare, has been mon-Honed for the post.
Details. of the credit, states the diplomatic correspondent of the "Daily Herald," were arranged be: tween the Exports Credits" Guarantee Department (which negotiated the recent Soviet credit of £10,000, 000) and representatives of the Chic nese Government In London, 'The credit, he declares, will give valuable stimulus to British pres tige in' China. It is the result of months of negotiation, and has largely been made possible by Sir Frederick Leith-Ross, Chief Economic Adviser to the British Government, who re-tured recently from a visit to China The correspondent Interprets the credit as a "sharp warning 10 Japan that Great Britain is not uninterested the future of the Chinese Republic despite the Government's former pro-Japanese altitude," He points out that the British export trade. wilt receive a useful impetus by the sub stantial orders which will immediate! follow the operation of the arrange: ment, which, he adds, may have {ar-reaching international "consequences, Reuter.
Coming to the imminent conclusion an. Internationa! tart wese sri] ours, Dr, Kung personal ehvervttion was that such a step appears inevitaoie.
He stated, however, that China's import duty rates have been Tower than any existing schedule the world and she has no tariff wall to speak of, s0, even if a truce is clared, there will be no tariff by China to tear down, Concerning the liquidation of smuggled goods. "already Janded in Hopet and Charhar, Dr, Kung said that concrete measures will be mapped out in the next few days as he had again telegraphed instructions to the Hopel and Charhar authorities.
Coming to the tientsin and Chinwangtao Customs house scandals, in which alleged cases of corruption were reported, Dr, Kung announced that, upon receipt of the news, he hod instructed "Mr, W. R._ Myers, Customs Commissioner in Tientsin, to make a thorough investigation.
With regard to the alleged occupa. tion of the Changlu salt. banks by Japanese troops, Dr. Kung said official report has been received by the istry of Finance, He added that he will send a prober to Tan; shortly Central News
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