The Premier, Baron Kiichiro Hiranuma, responding to an interpellation as to how long it would take to build up a new order in East Asia, asserted that it was difficult to predict the length of time required but remarked that Japan should be prepared to face a long period of effort.
The foreign exchange rate of the yen will be maintained at 1s 2d., Mr. Kozo Matsumura, parliamentary Vice-Minister of Finance said.
Baron Ryoitsu Asada urged the signing of a general alliance binding Japan, Germany and Italy.
While admitting the strengthening of the anti-Comintern Pact was desirable, Baron Hiranuma said he did not feel that the stage had been reached to determine how this would be undertaken. Japan, the. Prime Minister declared, would have to take the initiative in assuring the joint defence of Japan, Manchoukuo and China. It was, he added, the policy of the Govment to station Japanese troops at various important points on the Continent for that purpose.
Extraterritoriality in China Debated A new central government in China naturally would demand that other foreign Powers concerned follow suit if Japan renounced her extraterritoriality privileges in China and returned her concessions, the Foreign Minister declared in answer to interpellations in the House of Representatives today.
Specie holdings abroad of the Nationalist regime were discussed in a budgetary debate in the Lower Chamber. Mr. Arita said definite Ottawa, Jan. 26.
A resolution, providing for the. creation of an independent Defence Purchasing Board has been introduced in the Canadian Parliament by Mr. lan MacKenzie, Minister of National Defence.
The resolution also provides for the initiation of a policy of financing defence measures of a capital nature over a period of ten years.—Reuter. figures on the specie holdings of the Gen. Chiang Kai-shek regime were not known although estimates ranged from $500,000,000 to $700,000,000.
Mr. Yadanji Nakajima, leading member of the Minseito Party, recalled that Mr. Koki Hirota, former Foreign Minister, and Gen. Gen Sugiyama, former War Minister, had stated in reply to interpellations in the Diet last year that the Japanese Government would demand indemn-
Text read from the printed page and cleaned; old type leaves the occasional error.