"Daily Mail" Believes Government May Assist Currency, Trade Funds London, Feb. 4.
"The last has not yet been heard of the proposals for a British loam to China, I gather," states the City Editor of the "Daily Mail', "despite the hazards of the Sino-Japanese War."
British trading interests, he goes on to state, would welcome well-directed economic assistance to China, and the British Government is not unsympathetic.
Any assistance, the Correspondent declares, would have to be contingent upon a resumption of the servicing of the Customs loans, and other considerations.
But the case for a loan to support China's currency, he goes on to state, has been strengthened lately by the competent manner in which the currency has been managed during the last six months.
More may be heard on the matter, the "Daily Mail" correspondent adds, when the Export Credits Bill comes up for further consideration in Parliament.
He suggests that a Government-backed private banking loan may eventually be placed in London.—
Reuter.
During the budgetary debate in the House of Representatives yesterday afternoon, Mr. Arita said:—"The interpellator observed that the impression prevailed among some foreign countries that Japan would be successful in her military operations but she would eventually lose because of a financial and economic failure.
"I also noticed that such an impression is prevailing in foreign countries through newspapers and other reports. This is not the first time that such an observation has been made regarding Japan's financial and economic resources. It dates from the very beginning of the China air.
Japanese military operations in China already have been conducted successfully in the eighteen months while the e! of the China incident on Japan's finances and economy has been entirely different from that anticipated b; the foreigners. Japan and the Japanese must endeavour to dispel the misunderstandings of third Powers regarding this point.
"The interpellator voiced.the opinion that the assistance of third Powers must be invoked for settling the China incident, but I cannot endorse his view."
Garrisons for "Long "It will be necessary Japanese troops in China for a long time in order to build a new order ip East Asia" It-Gen. Seishiro Itagaki, War Minister, told the bud-geta committee ofthe House of Representatives today in reply to interpellations by Mr. Yadanji Nakalima, of the Minseito Party.
As the hostilities still are going on, we have no intention to withdraw
Text read from the printed page and cleaned; old type leaves the occasional error.