The Archive · 1934

Refuses To Back Loan

Tokyo, Oct. 6 The request of the Soviet Union that Japan guarantee Manchoukuo's payments in connection with the sale of the Chinese Bastern Railway to-day was refused, at least by implication, by Mr. Koki Hirota, the Foreign Minister.

During the C. E. R. conference on Friday, M. Constantin Yureneff, the Soviet' Ambassador to Tokyo, ' pro Posed that Japan guarantee the payments for the line because the Soviet Union has nct yet recognized Manchoukuo, It is understood, however, that it is impossible for Japan to guarantee Manchoukuo's performance of the contract in the view of Mr, Hirota, who holds that Japan cannot guarantee the credit of any foreign nation, Mr. Hirota to-day proposed to Jeading Japanese bankers and capital ts the formation of an organization for the purpose of lending to Manchoukuo the money required for the purchase of the CER, with the railway as security.—United Press.

Some Time Needed to Settle Details Tokyo, Oct.

Conversations regarding the sale of the Chinese Eastern Railway to! Manchoukuo are proceeding "favour=

Text read from the printed page and cleaned; old type leaves the occasional error.

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