Success; "Heart to Heart" Talk with Peers Tokyo, Oct. 18.
GTN compiling the budget for the 1939 fiscal year, fulfilment of the requirements of war is made the first objective, thus leaving no stone unturned for meeting the demands of the fighting services in full," declared the Minister of Finance and of Commerce and Industry, Mr. Seishin Ikeda, in a "heart-to-heart tale with members of the House of Peers, to whom he explained ithe Government's economic and financial policies.
"Owing to the courageous exertions of the Imperial forces," Dr. Ikeda declared, "the war situation has been developing advantageoiisly to Japan, but as the Chiang Kai-shek regime will continue its resistance against Japan, even after the fall of Hankow, Japan has to endeavour with added determination and perseverance for the attainment of her objective."
Mr, Tkeda made thirteen points, These were:
1, Since the balancing of into tional accounts is the most important fundamental of finance and economy, the Government is trying to promote exports and improve trade, 2, In order to secure the huge amoring of commodities necessary for the prosecution of the war, the Gov~ ernment has been resorting to all available measures, including not only the development of resources and in-¢rease of productivity, but also col-ection and utilization of goods, and renovation of the life of the people.
4G, In order to prevent any hitch to the supply of necessary commodities, gold has to be shipped abroad, and export trade has to be expanded. For this purpose, the Government ts try~ ing to encourage increased production of gold, 4, As a means of expanding the port trade, the Government finds necessary to facilitate Anancing and for this purpose, has taken two steps: one of these was the establishment of the foreign exchange fund, and the other the export fund and compensa. tion system,
Text read from the printed page and cleaned; old type leaves the occasional error.