The newspapers generally give prominence to Great Britain's decision to extend credits to China.
Reuter understands that the preliminary amount of these credits has been definitely fixed at £500,- 000 sterling, to be available immediately, without waiting for the passage of the new Fxport Credits Bill which cannot be drawn up before February.
This, however, is in nowise ex-voeted to be the limit of the credits to be placed at China's disposal by Great Britain.
There is no question, at present, of a loan to support China's currency, as reported in some papers, Reuter declares.
For the moment, China's favourable trade balance appears sufficient support for her currency, it is stated, but, if the necessity arises; and a slump in the Chinese dollar threatens, the possibility of China being granted straight financial help is certainly on the cards, Reuter understands.
China's determination to develop her untapped resources in the West ind South West convert these re-into a flourishing state, as need by the recent opening of branches of the Bank of China at Hanoi, Haiphong, Rangoon ani Batavia, it is further understood.
Text read from the printed page and cleaned; old type leaves the occasional error.