The Archive · 1938

British Credits to China

Referring to the question of a British loan to China, Mr. Butler stated that the British Government was fully alive to the serious responsibility imposed upon it as a consequence of supporting the resolution passed on February 2 this General Ukagi, the Japanese Foreign Sir Robert Craigie, British Ambassador to Japan.

The Foreign Affairs Debate in the House of Commons 4 lengthy speech, in which it was stressed that Britain's desire for peace would not be allowed to sacrifice her honour and vital interests, was delivered by Mr. Neville Chamberlain, the Prime Minister, i the House of Ca mons yesterday.

In the Far East, a Gaimusho spokesman in Tokyo said that the British Ambassador frequently met General Ukagi and made representations "regarding minor incidents" concerning Shanghai, year.

'A number of proposals had been submitted by the Chinese Government to the Export Credits Guarantee Department, and these were now being considered.

The Departneent, Mr. Butler added, would deal with them in exactly the ame way as it had dealt with applications from elsewhere for export credits in the past.

Mr. Morgan Jones, Labour member for the Caerphilly Division of Glamorganshire, intervening at this point, asked -how the Export Credits Guarantee Department could work on these lines, if the difficulty was security for loans.

Mr. Butler replied that some proposals had been rejected for reasons for which they could not be held responsible.

Others, he said, were still under consideration, and the British Government was open to receive any others that the Chinese Government felt that they wished to submit.

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

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