"The Times" Points to Drain On Her Exchequer London, Sent. 4 "the "Times" in a leader on Japan lunexpecied national Sefeat of Chinese armies will not necessarily involve the surrender and collapse of the Central Government.
Japan's objectives." "The Times" continues, "are vague and unsveciied, and the duration of the war may found the expectations of the General {Cconomists describe as her economic Bven if Japan is victorious, the Journal points out. the extraordinary rain on her exchequer will not cease fat the end of the war. However mited the territory over, which might decide to establish Infucre arms breva, the process of establish {ng such. inivence will bea cootly and dificult operation.
Text read from the printed page and cleaned; old type leaves the occasional error.