After referring to the rapidly dwindle ing gold reserves of Japan, the writer concludes with the statement that it, fs becoming urgent for Japan to terminate the financial and economic crain of the war.
"But this," he declares, "may prove far more dificult for the Japanese JArmy than the capture of Shanghai, Hankow and Canton, and if the Jeconomie strain continues, with no relief in the standard of living for the Japanese worker, without the comforting glory of conquests, but merely with the hard work of pacification,' even the patient Japan: jose worker may begin to object." these considerations would lead to Immediate peace with China by negotiation, but the Japanese gen-lorals might yet prove strong enough to ruin their country—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.