London, Mar. 11.
The position of British shipping in the Orient is reviewed in a leader appearing today in "The Times.
The article describes the proposals contained in a report of the Imperial Shipping Committee as "deserving of practical consideration."
"The position of cur shipping in the Orient," the journal declares "presents a special case which may call for special remedies. One such remedy, which has already been canvassed, although it is not alluded to in the report, might usefully be the creation of a small but representative imperial body, with headquarters, perhaps, in Singapore, and with both executive and advisory powers.
This body, it is stated, would carry out negotiations when the occasion arose, and administer any subsidies which might be voted by interested Governments.
The Finance Minister, Mr. Sotaro Ishiwatari, admitted the "necessity" of placing Central and South China outside the yen bloc to some extent in consideration of the trade wi those parts of China which gave Japan foreign currencies. He drew attention, however, to the circum-
It would also generally provide that element of alertness and continuity in policy, The Times adds, from a lack of which, as the report of the Imperial Shipping Committee showed, the Orient had suffered severely
Text read from the printed page and cleaned; old type leaves the occasional error.