The Archive · 1938

Japan Will Borrow

Y.5,000,000,000

Tokyo, Apr. 9.

Revealing. that the Government intended to float y.5,000;000,000, worth. of public bonds duri the year, the Finance nation to invest the The goal óf private savings was set by) the Minister at ¥.8,000,000,000..

Mr, Kaya his disclosures. at the meeting of the Savings Association, which he exhorted to launch a campaign for increased savings' deposits. A "We must strive," he declared, "to increase deposits in eavings banks, for we depend upon these funds to float public loans He appealed to the people to ce-operate in the Government's campaign for a "spirit of saving."—Domei.

Early in his speech Lord Halifax paid a tribute to Mr, Eden, and said:

look forward to the time when the country will again enjoy the benefit Of his service and guidance in its administration.

Continuing, he asserted: "I have said that while men and women of all partes would agree with the main objective of our policy, which must be honourable peace, they might and do differ as to the method by which it can most surely be achieved.

In considering foreign policy, Lord Halifax said, they must be prepared to face facts, Many people thought that the League Assembly ought to be called so that it might pass resolutions condemning things of which British opinion was held to disapprove, but he could not believe that this would do any good to the League or to the world.

The League was an expression of some of the deepest longings of devoted men of all nations, who had dreamed dreams and seen visions of peace based upon universal co-opera jon, "Those ideals once born in men's hearts will remain," he said. "Successive generations will strive for them, and my faith in the future of civilization and in humanity's commonsense is strong enough to make me believe that those high purposes will one day be won."

Text read from the printed page and cleaned; old type leaves the occasional error.

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