Views of Possibilities Washington, Jan. 18, The reported attempt by Japanese industrial interests to obtain a credit cof $50,000,000 in the United States for the purchase of machinery Is unlikely fo succeed, states the "New York Times" to-day.
According o official circles in Washington, the newspaper declares. the Government would regard with disfavour any proposal entailing extension of credits for Japanese ferests for any such purpose.
Officials declined to go so far as to hel say that it represented the applica tion of United States foreign polley. They also emphasized that it was only their offhand judgment but left no doubt that the Government's attitude towards any arrangement like that proposed would be unfavourable and that the effort would fail.
to find U-S.$50,000,000 credit The of the Japanese attempt yesterday in the ness "Machines Corporation in New. York, had been approached, as President of the American section of the International Chamber of Commerce.
It arranged, the journal said, the credit would 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 indus-ries in Manchoukuo—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.