Hongkong, Feb. 14.
Japanese naval fliers yesterday moon effected an extensive raid on the Yunnan Railway, inflicting serious damage upon important poi of the line, a Chinese press dispatch from Kunming admitted today.
Chinese planes took the air in a futile attempt to check the Japanese reid and a fierce battle took place over Kaiyuan, 120 kilometres south of Kunming, it was reported.
The city of Kunming, where air raid alarms were sounded until late in the afternoon, was thrown into great confusion, the dispatch said.—Domei; The Senate Banking and Currency Committee yesterday deferred action on the sub-committee's recommendation that the 1934 Silver Purchase Act be repealed.
The sub-committee voted five to three to abandon the present policy, but the full committee decided to obtain reports from the Treasury and State Departments regarding the possible effect the Act's repeal would have on foreign trade.
President Roosevelt was reserved at a press conference here yesterday when questioned regarding his attitude on the silver purchasing prcgramme. He said he would not comment until he had examined the situation further, Senator Alva B. Adams, California Democrat, said that he had asked the committee to confine the prohibition to silver purchased for monetary use.
Senator John G. Townsend, Jr. Delware Republican, led the movement for the repeal of the act. The United States has paid an excessive once to foreign countries for silver, he said.
Senator Elmer Thomas, Oklahoma Democrat, a proponent of the Silver Act. said the programme increased money circulation over US$1,000,000,- 900 and was helping to sustain prices and assisting farmers. The reduction of silver purchases, he said, would balance the budget—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.