London, Dee. 2.
'The Japanese promise to open the 'Yangtze River to third party shipping is" regarded favourably in well-{informed circles here, as giving evidence of a more' constructive }poliey on the part of the Tokyo Gov-
'Says "The Times' diplomatic, cor~ respondent: "Its object is clearly to pave a way for better relations with the United States, in the hope that the State Department will renew the commercial treaty with Japan.
Ils secondary object may well be an improvement "of Anglo-Japanese relations.
'In any case," the correspondent adds, "the Japanese Government are considered to have shown not little enrage in initiating a, policy which mnnot. commend itself to the ade need' elements in the army."
"The news that the Japanese are to re-open the Yangtze up to Nanking to merchant traffic of all nations, has naturally been. welcomed," says Times" in an article today.
For Shanghai's Trade the Mrst direct step towards a restoration of Shanghai's" entrepot trade," the Journal declares, "but the fact uni effect of the move is in reality Bot likely to be very great."
"By devious ways, goods have been nding their way from up-country districts to. Shanghai, and these arrivals have been supplemented by cargoes brought down the Yangtbe by Japanese shipping; the activities jot that port have been slowly reviving.
"Nanking," "The Times" adds, "is tittle more' than 100" miles up the Yangtze, and the section below Nan~ king is bul a small part of the long. course of the river into the Chinese "To exert any important influence lon the volume of river traffic reaching would be necessary to iver up to Hankow.
Text read from the printed page and cleaned; old type leaves the occasional error.