Chungking, Mar. 19.
Despite the, Japanese naval blockade, bombing of the Yünnán railway and occupation of Nanning, China has been able to continue her exports of wood oil, tea and other commodities to meet her obligations, To ensure the effective collection and prompt delivery of the Chinese exports, the Government is planning to place the control of tea exports under the China Tea Corporation; of wood cil under the Féohsing Corpora-n tion; of ores under the National Resources Commission; and of bristles under the Foreign Trade Commission.
The recent decision of the United States Export-Import Bank to grant a further loan of U.S,$20,000,000 to China, it is asserted here, was prompted partly by the desire in America to give financial assistance to China, and partly by the fact that China had successfully met her obligations under the previous U.S.$25,~ 000,000 loan agreement, China's tea exports in 1998, it is learned, exceeded the figures for 1937 by more than 10,000 cases.
When the barter agreement with the Soviet Union was continued last year, tea was again the main commodity involved.—1
Text read from the printed page and cleaned; old type leaves the occasional error.