Nagano Prefecture, an important silk-cocoon area in central Japan, at fan emergency session, has passed a resolution declaring' that it is absolutely necessary for the government to grant the farming population of the prefecture a three-year moratorium on all debts due to the Hypothetic and other semi-government banks, These debts are estimated to total ¥.73,000,000, It is stated that the total debts owing by the farmers of Nagano Prefecture aggregate Y.400,000,000, or ¥.1,300 per capita, while' the present selling price of' silk-cocoons is so low that, in the aggregate, it barely suffices to pay the interest' on the debt.
Text read from the printed page and cleaned; old type leaves the occasional error.