The Archive · 1940

Import Bank

Mr. Jones announced at the same until recently but that he suddenly time that the United States had de-has met with favourable considera-cided to purchase U.S.$30,000,000 tion due to the developments in worth of tungsten from Eh The French Indo-China tungsten will be purchased from the Observers point out that China National Resources Commission of will be unable to derive much China for storage in the United States material benefit from the proposed to meet American defence needs, he loan owing to the effective blockade said. ing of her routes of foreign supplies Mr. Jones said the new $23,000,000 This may, however be altered in the loan by the United States would be event that the Burma Road is remade directly to the Chinese Gov-opened. It is regarded as lending ernment with the guarantee of the lit to reports that the United Central Bank of China. The cons is urging Britain not to consequent Chinese debt to the United sent tothe further closing of the States will be liquidated through the road. sale of Chinese tungsten to Ameri While some quarters are expressing Mr. Jones said.—United Press the belief that an understanding has lready been reached with London More Action Expected the press suggests that a conference between President Roosevelt-and Mr. New York, Sept. 26.

Washington officials, citing the an-Cordell Hull will most likely resuit in important diplomatic moves in the nouncement by Mr. Jesse Jones, Far East within the next 24 hours, Federal Loan Administrator, of a new but some indications US.$25,000,000 loan to Chungking predicted that further definite United that the Admini: moving States action towards the Far East cautiously due to the confused situation in Indo-China, coupled with the will be announced within 48 hours, unwillingness to play Hitler's game the "New York Times" learned on by becoming involved in major com-good authority from the capital. plications in the Orient.—Domei.

The paper reported that Washington officials declined to reveal the Little Tokyo Comment nature of the action—Domei.

Tokyo, Sept. 26.

Reply to Indo-China Entry The vernacular press today prominently featured the Washington Washington, Sept. 26. despatches regarding the new Ameri-The extension of the United States can loan to China. The newspapers, Government loan to China is clearly however, avoided editorial comment regarded in diplomatic quarters in in the earlier editions, merely print-Washington as the Administration's ing the Washington reports, first step in replying to the Japanese The "Asahi Shimbun," however. action in French Indo-China, indicated the Japanese opinion on Although it is improbable that off. the loan by using headlines which cials will admit this connection. it said, "Relaliatory—Anti-Japanese is recalled that Mr. Jesse Jones, Action As Well As Chiang Kai-shek Chairman of the Reconstruction Assistance Scheme."

Finance Corporation, when he met The Foreign Office declined to make Mr. T. V. Soong on September 4, de-any ofücial comment on the loan to jed that a loan was under considera-China pending the receipt of official tion. This leads to the belief that Mr. boon efforts were unavailing rox from bbb SEE SETA CEE

Text read from the printed page and cleaned; old type leaves the occasional error.

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