The Diplomatic Correspondent of the "Sunday Times" understands that the examination of proposals for assistance to China, in connect tion with Export Credits, has now reached a more definite stage.
He says that it seems fairly certain that as a start, credit of about £450,000 will be made available to the Chinese Government for the purchase of capital goods, chiefly lorries, under a Bill which is now messing through Parliament, and hich allots £10,000,000 for export credits to, be granted in the light of political as well as commercial considerations.
Taken in conjunction with the credit of £5,000,000 which is being extended to the Chinese trading group by an American bank, the Correspondent declares that this should enable China 1o develop trade with Western countries through Burma.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.