New York, Jan. 16.
A report that Japanese industrial interests are trying to establish a credit of $50,000,000 in the United States for the purchase of machinery, is published in the "New York Times" to-day.
Mr. T. J. Watson, President of the International Business Machines Corporation in New York, has been approached as President of the American section of the International Chamber of Commiere, with the Japanese enquiry, the newspaper declares.
if the credit is arranged, the "Times" continues, it will be used to purchase plant for the Manchurian į Heavy Industrial Development Company, which was organized on December 1, last year, to take over the heavy industries in—Manchoukuo.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.