President Roosevelt, ina form statement, said the Government considering carly allocation of the ditional U.8$50.000,000 credit to be fused for currency stabilization China, The White House released 9 tetter from Mr. Jones stating that the US. 'Molal Reserve Company is arranging to purchase U-&.§6000.000 worth of wolframite and antimony" from the Ching" "Natural Resources. Com: mlasion, The now loan makes a (oral of U.S $245,000,000 of net potential ald the' United St China since 1032, Alt but U-8$16.000.
0 v8 Fonned the Tas to voar yesterday's announcement which wouf bring to U'ssienainonn uni or possible ait fered recent Ty, there were Toant of US.$05.000,- 600 and "China Tas "repaid about Mr, Morgenthau to patio Chungking. Dee. 1 ere serap of paper." is the fon given by the Chinese vMicial Central Daily News" to the Samed yesterday between fad the Wang" Ching-wei Government.
"The paper says the terms of the treaty are almost identical to those reveled by Messrs. Kao Tsung-wet Tao Hsi-sheng,' former supporters of Mr. Wang Chingewei, who fled to Hongkong from Shanghai in January, and made pablic what they' elsimed be photostatie copies of the draft 1 the eyreement.
The newspaper or empty dream believe Serap. of paper can terminate. the Sino-Japanese host Such a treaty can only increase Chinese determination tv every on armed resistance."
The "Central Daily News" express fidence that forel the netest_and "punishment of Me. Wan Ching-wel, offering, $100,000
This arrest, Oficial circles here Jubitant over the United States" extend 100,000,000 credit 'China. Interpreted United States' answer Tatest: move in. China.
President Moosevelt said that Henry Morgenthau. Secretary of th Treisury, would appear on Mond morning before a joint session of th Senate Banking andi Currency Coms nities and the Mouse Weishts an Menitires Committee to "bei Justment of diplomatic relations wilt, new China in advocating Chi rlsipation in, the estabtshmen Bast Avia, a Hignifeance of the nan Anbouncement The. eneral impression wa the United Stator xought act any injurious effect of Feeognition of the Wank Interpreted as Counter to Japan those xympathice steady Consolidated tts foundation which has culminated with the signing of an ding for diplomat Japan, China ana Observers recalled that the United States ce istently, usually took some ly favourable to Chungking Japan sticceeded in a move which might be. Interpreted os in-juncus to Chungking.
When Hankow fell the United States extended the first large credits n the Burns road was closed the States placed an embargo on the. time japan the United States ow credits would be ex= load in establish 1 of eonexiatence aid Ca-prosperity and ministering to each others! needs on the basis of tave fo humanity at a time of a chaotic sta cexistingt between new and old orders throughout the worl.
"However, the conclusion of the treaty is only the frst step. [tre niains for the future lo show wheth this treaty will bear fruit. There are} ill some influences which are. vot et convinced! of the Area, principle rac 1 in seeking tended to China, The current Toan comes with other tors also favourable to China, ing, tstly, strengthened US. military forees in the Pacific; secondly, dofenie consultations between Bri the US. und Austeatia—resardin'y Siiyapore ind other Paeifle a find thirdly, strengthened British naval position in the Mediterranean Which "Ae. Winston Churehitl the British Prime Minister, said would activities of to assist forces the use of armed resistance, adding to. the world chaos, "As the Japanese Gover people continue their policy 7 will come to intentions influence British power in distant parks of the weill be nev
Text read from the printed page and cleaned; old type leaves the occasional error.