Shidehara, dealt at length foreign policy, including the new tariff treaty with China and, the London Naval Conference.
He informed the House that an agreement between China Japan is on the point of signature in which Japan recognizes Chfra's tariff autonomy while there will be a reciprocal tariff in regard to certain commodities between the tw2 countries.
BaFon Shidehara expressed grati-Seation that all nations have now recognized China's.customs autonomy but' pointed oat that the relinquishment to China by the Powers of treaty guarantees of great material value involved the former in a certain measure of responsibility and that those treaty rights had been relinquished in the implicit belief that China will not make use of her new position to modify her tariff in such a way to hamper or destroy foreign trade. He expressed confidence that China would live up to her moral responsibility and prove herself equal to the trust reposed in her.
With reference to the reciprocal arrangements contained in the pending Sino-Japanese agreement under which the contracting parties will maintain specified tariff rates on a number of commodities for a certain time, the Minister for Foreign Affairs said that Japan aimed st the stabilization of her trade with her neighbour while China found it equally important secure in Japan a market for certain classes of Chinese manufac tures, Hence the scheme for reciprocity in tariffs, which was but a natural outcome of the close economic relations already existing between the two nations. Baron Shidehara stressed that this reciprocity in no way infringed on the customs auto. nomy of either nation, adding "On the contrary, it is nothing more than the normal exercise of State sovereignty."
ismissingg as preposterous _reports in the Chinese press thi Japan had had a hand in bringing about the recent recrudescence of political unrest in China, the Minis. ter for Foreign Affairs 9 policy of dealing squarely China.
Announcing that the London val Conference had come cessful conclusion, after very exact:
labours in the part of all con cerned and through the friendly ¢o-operation and mutual concessions of the participating Powers, Baron Shidehara said that the Treaty signed on the 220d of this month should be hailed with satisfaction by all those who have at heart the advancement of peace and friendship] it puts an end CHINA'S TERRITORIAL,
Text read from the printed page and cleaned; old type leaves the occasional error.