'Tokyo, Mar, 10, 'Asserting that the currency of the Kuomintang Government stands on the "verge of complete collapse, a spokesman of the Foreign Ofcee today, in commenting on the new Bue tish' oan to the Gen. Chiang Kai-shek Fogime, counselled Britain to grasp the general trend of affairs in East Asia and to support the new currency in China to help It stabilize itself, Inatend of extending assistance to the Tegal tender of the Kuomintang re~ ain "Since the outbreak of the China hoattes, specie idings abroad of the Chiang" regime. have steadily decreased until it totalled only $250,- (900,000 in Shanghai dollars at the end of June last year," the spokesman aid.
Min the eight months thay ' have passed since then, what little romaine €d_-must be almost exhausted," Aeelared, "Fa Pi, or the so-called Chinese national' currency, Is now doomed, This can be proved by the Sudden suspension of service by the Chiang regime on its foreign loons, Whose" payment they have been ceiving 40 Keep up ay all costs, Tientsin Barricades Protested Tokyo, Mar. 7.
The British and French Ambassadors to Japan today delivered protests to the For~ eign Office against the erection electrified—barbed-wire barricades by the Japanese army around the foreign con~ cessions in Tientsin.
The American Embassy was stood to have associated with the—protests— beeches in Parliament by the Pre-Brith Government, by. means of mice and the Chancellor of the Bx-Ehequer, more (han "once have made {lear its intention to render econo-fie and financial help to the Chiang, present case, Uikewise, must rorafded as snather embodiment Of the same British policy. All this pling against the. general trend of affairs in Bast Asia.
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"Needless 0 say, this is a hard blow to the Chiang' Kai-shek regime, ud thus the foreign exchange of the called Chinese national currency stands on the verge of complete destruction "This no doubt accounts for the recent establishment of the present plan by the British Government for stabilizing fa pi' The present amount of the Chinese national eur~ Feney In circulation in the interior of China Is estimated roughly at $1,100,- 000,000, "China, however, has no specie, no foreign trade. and ho credit guarantee in this circulation.. Therefore, the resent offer by the British Governnent for stabilizing Chinese currency most welcome to the Chiang Kalshek Foqimo as a glass of water Would be to one dying of thirst, "What great benet, can the Chiang Kai-shek regime hope to derive out of this small amount?" Weakening of the so-called national currency of the Chiang regime has been caused mostly by a series of military reverses Which have resulted in the loss of vitally Important. centres of political, military, and economic activities. the togd tender of the is doomed "We Need Mardly Trouble"
"any financial assistance to stable ize it at this juncture would be nothing but camphor Injection to a dying "man.
We need hardly trouble to take it up, seriously.
"As has been stated by Sir John Simon, Chancellor of the Exchequer, stabilization of the so-called Chinese ational currency is a vital problem in the British economic altitude toward China and will be of great help to British enterprises and trade in, China The British Government then should, by all means, have a clear insight into the general trend of affairs in East Asia, and also. should ive up its policy of supporting the fold Chinese national currency "fa pi? Tastead, she should help the new currency, thus. contributing to the Stabilization of the latter.
Text read from the printed page and cleaned; old type leaves the occasional error.