mere is no reason whatever to believe that foreign nations will extend to the puppet government south of the Great Wall of China, recognition which they deliberately withheld from the puppet goverament of Manchoukuo," states an editorial in the "New York Times" to-day, "There is also no reason to believe," the journal proceeds, "that foreign nations will sanction loans to the new independent™ China."
"Certainly in our case," the "Times" adds, "Japan is badly misreading the facts of the situation if she behoves for one moment that American oplnnfon would permit any action on the part of our banks and commercial Interests, which would help' fasten Japan's hold on property stolen from the Chinese people."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.