On strictly business grounds, the support of the Chinese currency essentially.a constructive policy, it adds, There is no question, of course, of the provision of exchange credits being linked in way with the Question of the Chinese debt service, "The Times" points out.
At the same time, it will clearly make the Chinese Governments Position considerably easier accordingly.
It is permissible to hope that in view of the changed circumstance, th Chinese authorities, at least, will offer something better than their recoat kate statement that they could no longer advance money to the Customs for service on external loans.
"News-Chronicle" Support London, Mar. 9.
A stable Chinese dollar is vitally necessary for British financial and commercial interests, says the "News-Chronicle" That is a good reason for helping China, but it is not the best reason, the paper adds.
Wider interests demand that Japan shall not be allowed to get away with her brutal assault on a neigh-hour, and. one of the ways in which Britain can strengthen China's gallant Tesistance is by financial help, the "News-Chronicle" went on. There should be more of it, it adds.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.