"By thus, conveniently to them-serves, pretending not to face reality. they close the door to Japanese immigration and set-up discriminatory trade barriers against Japznese goods. which are not only cheap, but good. Moreover, those Powers are seeking to keep China in a semi-colonial status So that she may remain the eternal objective of their exploita tion." the journal declared.
'A' new economic system in East! Asia, the "Asahi" seid, would result not in a reduction of the economic activities of the Powers. but will bear She opposite result. Manchoukuo, it pointed out, has bought more British goods than when it was governed by Marshal Cheng Hsueh-liang.
The complaints of the Powers, freely and frequently made during the present campaign in China, the. Asahi" warned, would not serve the cause of peace either in Asia or in the world—Domei, Credits to China Not Effective Tokyo, Dec. 23.
British and American loans to the Gen. Chiang Kai-shek regime will, have no effect on the final outcome of the hostilities, according to the, daily "Hochi Shimbun," which recalled that loans of the two Powers to the Allies during the World War taited to being Germany to terms.
The Journal pointed out that the United States tent $11,300,000,000 to the allied Powers and. that Britain gave them £1,902.000,000, but the Allies "won the war only when the United States entered on their side.
The American and British loans] to China were not new ones, the ally stated, but on the contrary were old transactions "which only came to the surface recently."
'Loans granted by Britain and America will only ad to their bad debts, the "Hochi" said, "especially since a unified central government of China to be organized about April of next. year will be formally' recognized by Japan, Germany, Italy. and other countries."—Domei.
4 good deal of this communication to relations of the United States with the outer world, and that he is devoting much time to a study of the various matters involved, The position of China and Japan is only one of these matters, "The Times" correspondent adds. He says that there are powers vested in the President, under existing legislation, whick permit him to place an embargo imports from countries which flagrant discriminate against American trade.
IL is not fikely, the correspondent concludes, that the President will he dissuaded from using them by a pro-rise of "vast elds of activity" at an undetermined date—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.