New York, Jan. 16.
A report that Japanese indus trial interests" are trying establish a credit of $50,000,000 in the United States "for the purchase of machinery, Is pub: {ished in the "New York Times"
Watson, President of the International Business Ma~ chines Corporation in New York, thas been approached as. Presi dent of the American section of the International Chamber of Commerce, with: the Japanese enquiry, the newspaper declares.
the credit is arranged, the "Times" continues, it will be used to purchase plant for the Manchurian (Heavy Industrial Development Company,—which was organized on December 1, last year, to take over the heavy Industries Manchoukuo-—
Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.