The Archive · 1940

Chinese Exports Being

ner eased Chungking, Mar. 19, Despite the Jopamtse nant blockade, bombing of the Yunt railway and occupation of Nan China has been able to contin exports of wood oh, tea and other commodities to meet' her obligations, To ensure the effective collection and prompt delivery of the Chinese exports, the Government is planning to place the conte! of tea exports i] under the China Tea Corporation; of ood under the Foohsing Corpora= tion; of ores under the National Resovrees Commission; and of bristles under the Foreign Trade Commission.

The recent decision of the United States Export-Import Bank to grant 4 farther lean of U, S$20,000,000 10 China, it is asserted here, was prompted partly by the desire in Ancriea to give financial assistance to China, and partly by the fact that China had successfully met her_obligations under the previous U.S.S2, in 1998, itis! learned, exceeded the figures for 1997 more than 10,000 cases.

When the barter agreement with the Soviet Union was continued last year, tea was again the main com involved,—Reuter, Washington, Mar, 24 During the last six months the United States has contracted for over U.S$9,000.000 worth of strategic materials in the Far East and Latin America, officials revealed to the United Press here yesterday.

The materials include manganese, tin, chromium, quartz, quinine and optical glass, they said. The contracts come under the ten-year, U.S. $100,000,000 programme to make the Army and Navy relatively independent of forelgm sources in an emerg-

Purchases also include 425 tons of tungsten valued at U.5.5427,000, foMicials. said. Most of the tungsten has been ordered from China. Pur~ chases of 6800 bales of Manila fibre. Waived at US$118,582, will be made From the Philippines—Unlted Press.

Text read from the printed page and cleaned; old type leaves the occasional error.

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