The high price being offered for tankers has caused some Washington, Jan. f3. is confronted with a major its basic steel capacity. A spring. mania get around the provisions of the Neutrality Act and also to escape the supervision transferred subsequently chartered to Japan.
Not only are the United States concerns engaging in such practice, but ships under the flags of some European Cannot be Ascertained Empire Views Future The extent to which Japan's industries have been crippled by existing and imminent United States embargoes on scrap iron and steel raw iron and steel and virtually all steel products, copper, zinc, lead, tin, rubber and aircraft fuel, Canada's embargo on nickel, and various British Empire restrictions cannot be ascertained by any trade data thus far available, but the fact that Japanese production has been slowed up considerably appears from qommentaries that have appeared in recent months in various economic writings in Japan, states the "New York Times.
As a reaction to these measures, which the Japanese writers have taken for granted as an outcome of ihe alliance concluded last Fall with Germany and Italy, the two principal directions in Japanese thought ere (1) hastening of the formation of an "East Asia Economic Bloc" and (2) economic cooperation between Japan and Soviet Russia.
Text read from the printed page and cleaned; old type leaves the occasional error.