Chinese Steadily Driven Back in Rapid Push to Important Hunan City; Chengtu Damage Slight CEPING abreast of the naval drive on Yochow which was "No Idea of Monopolies"
"We have no idea of monopolies," Mr. Kodama emphasized.
"Althougn we will not solicit it, we shall welcome foreign ce-operation. My management will be on a fair basis. We shall not try to eliminate existing foreign enterprises." reported to be approximately 20 nautical miles from the city, Japanese army forces yesterday of Yunki, an important point in only 24 kilometres from the cit day afternoon revealed. afternoon completed occupation the Chinese defence of Yochow a message reaching here yester-
Meanwhile, a spokesman for the Japanese army declared yesterday afternoon that Japanese units operating from Tsungyang, "I am hoping," Mr. Kodama continued, "that the foreign Powers will show a sympathetic understanding. I will not say that they have been hostile, but they certainly have not been too friendly. They have shown a lack of understanding so far, but T hope their attitude will change."
Asked whether the policies of his company would be directed by the Army, Mr. Kodama said: "No. We shall operate as a purely commercial enterprise. There are no Army officers on the board of directors. The selection of directors was left entirely in my hands, and I have chosen businessmen without any connection with the Army.
Text read from the printed page and cleaned; old type leaves the occasional error.