Washington, Oct. 22.
The Chinese Financial Mission reached "Washington "too late" to obtain large United States credits for industrial shipments, a high Government oficial not connected with the Treasury Department and speaking as a private individual asserted today.
"It is unlikely that either Japan or JChina will obtain credits from the United States," he said, " in view of the financial difficulties which confront each country because of a protracted war."
The official, however, did not eliminate the possibility of additional U.S. silver purchases from China or a monetary "understanding" under which United States financial operations would be conducted with the minimum of injury, or perhaps without harm, to Chin:
Officials of the Treasury Department continued to maintain their silence regarding the negotiations between the Department and the Chinese mission, which is headed by by Mr. K. P. Chen, leading Chinese banker who is representing Dr. H. H. Kung, President of the Executive Yuan and concurrently Minister of Finance.
French trade unions, contends that the success of Japan's lightning offend sive is due to British complaisance end may be attributed to Great Britain's wish to put Japan in the mood for mediation.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.