Referring to the establishment of the "Federal Reserve Bank" at Peiping, Lord Elibank said that the Japanese evidently hoped to exhaust China's foreign exchange.
Since June, he declared, the Japanese had been forcing the Chinese in North China to use "Federal Reserve Bank" notes.
Not only was this causing infinite confusion, but it clearly showed an Tran Opium to China London, July 28.
Asked for particulars of the reply by the Japanese Government to the British protest against the occupation of British-owned works in Shanghai. Mr. R. A. Butler, Under-Secret State for Foreign Affairs, stated the House of Commons yesterday t he was not yet in a position to make a statement on the matter.
Questioned whether the Government recognized Japan's right to take possession of British property in the International Settlement, Mr. Butler replied that this was precisely the question which was under consideration, and that was why representations had been made.
Opium Imports to China Questions regarding the export of opium from Iran to China were also asked in the course of yesterday's session.
Mr, "Valentine McEntee, Labour member for West Walthamstow, asked whether the Prime Minister was considering making representations to the Iranian Government regarding the export of raw opium to China.
Mr. Butler replied that a convention, designed to limit the cultivation and restrict the export of raw opium, was in the course of preparation.
This, he said, would be open to accession by the Iranian Government, and any approach to the Iranian Government outside the framework of any existing or projected convention would involve taking into account a number of matters affecting
Text read from the printed page and cleaned; old type leaves the occasional error.