Chungking, June 16.
The "Chungking Press"—which Jeenerally reflects the attitude of political circles here—expresses the opinion that the present "Anglo-Jay tsin, the paper states, was merely the first step. of [Japanese encroachment on all forel Interests in the Far East, the attempt recently made at Kulangsu being folled "merely because of the con feerred action -taken by the British French and United States navies, The frustration of the Japanese plans at Kulangs had proved the value of strong action. the paper continues Jconcluding therefrom that a similar feourse of action at Tientsin would also prevent a Japanese success The same paper declares that the Tientsin incident cantes no surprise, addi if the British should give }way to Japan the result. would. be further Japanese aggression against foreign interests. The paper believes that the Japanese would Joccupy the British concession. by military force i€ the blockade proved lunsuecessful and that this "action would then be followed by similar action against the interests and con-Jcessions of France and the United /States. Japan had singled out Britain Decause she realised that Br ate tention was focussed in Europe at present. Besides this, Britain's ins forests in the Far East were greater than those of any other foreign power.
'The paper concludes with a grave warning "against giving in to the JJapanese "demands as. this would speedily result in' the total eclipse fof all foreign interests and influence in the Far East.—Trans-Ocean, Reconstruction Bonds Be Issued Chungking. June 15.
The Ministry of Finatice, according to Chinese reports, will shortly issue Savings and Reconstruction Resisttance Certifeates" in order to en-Jcourage savings and, at the same time. to assist the Government Ananeing reconstruction projects the present war of resistance.
The Ministry of Finance, it understood. has also Instructed the Tour Government banks—the Central Bank of China, the Bank of China, the Bank of Communications, "ant the: Farmers' Bank-—immediately [complete the financial network in the soutit-west provinces for the convenience of the populace and facilitate development projects in those provinces—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.