THE CHINA MAIL, DECEMBER 7, 1937.
AMERICAN BID TO STOP
A
BUSINESS RECESSION QUEENS
Washington, To-day.
SEVEN POINT national economic recovery programme was outlined yesterday by Mr. Henry A. Wallace, Secretary for Agriculture, in a radio talk in which he appealed for the full co-operation of all sections of trade to bring about. a co-ordinated drive. against business recession.
Mr Wallace urged co-operation in, firstly, the revival of housing,
Secondly, the revision of taxa-! tion, to cure injustice but maintain revenue,
Thirdly, the maintenance of farm purchasing power by an enactment to assure an ever-normal granary,
Fourthly, maintenance of the pur- chasing power of labour by the for- mulation of a sensible labour pro- gramme,
CHEAP CREDIT
Fifthly, assurance of an abun dance of supply of cheap credit and capital by a healthy securities mar- ket, with a view to encouraging an increase in outpat,.
Sixthly, the employment and the provision of Government capital in case of need, to carry the burden until private capital takes over, and Seventhly, continuance of careful approach for revival of world peace and world trade by a reciprocal trade programme.-Reuter.
DORMANCY ON ALL NORTH CHINA FRONTS
Tientsin, To-day.
The Japanese troops operating in the Taiyuanfu area are report ed to be retreating slowly north- wards, in the face of the danger of their communication lines be- ing permanently severed by Chin- ese guerillas who have been very active since the Japanese occupation of Shanghai.
According to reports received during the past week, the Chinese have taken over several small towns previously occupied by the Japan-
ese.
No severe fighting is reported in any sector in North China.
in Shantung, the Japanese and the Chinese are maintaining their positions along the north and south banks of the Yellow River, ex- changing occasional fire from artil- lery-Our Own Correspondent.
RECORD S. ATLANTIC FLIGHT
Natal (Brazil), To-day.
Two French airmen, their names unknown, who crossed the South Atlantic in the record time of 11- hours 5 minutes recently, yester- day took off at 130 a.m. for Dakar, on their homeward flight. -Reuter.
TOKYO PEACE EFFORTS COMMENT
Tokyo, To-day.
It is authoritatively stated that Japan has never been ap proached by a third party re- garding proposed good offices for" mediation in the Sino-Japanese conflict.
Nor has Japan been informed by Germany regarding the ac- tivities of the German Ambas- sador, Dr. Oscar Trautmann, at Hankow and Nanking.
of
Questioned, a spokesman the Foreign Office this morning said that Japan would welcome the good offices of a third par- ty, but had never requested any specific country to mediate the conflict.
in
The spokesman declined to divalge Japan's peace terms but declared that Japan's funda- mental policy was simple and that Nanking abandon its anti- clear, namely, Japan demands Japanese policy and instead to pursue a policy of co-operation with Japan.
Questioned whether Japan would deal with the National Government the spokesman said: "Certainly. Japan is
ADMIRAL LITTLE'S ready to deal with any central
PROTEST
ON WUHU ATTACK
The British Admiral Str sent a writte
Hasegawa,
Shanghai, To-day.
er-in-chief, harles Little, has protest to Admir
ese commander- bombing
hief, concerning
Reuter.
of Wi
WUHU AGAIN
last
BOMBED
Shanghai, To-day
government in China, although it is China's internal question whether General Chiang Kai- shek is to retain supreme power
in China Reuter NINGHAI
SCUTTLED
Tokyo, To-day.
One of the bigges staries the Japanese press. is capture of the Chinese Japanese-constructed crui ser anghai by Japanese marines
angtae
was again heavily, bombed in fight, according to Chinese re
Acco
cording to the newspapers, adding that fires are furious the Ninghai, the only first-class
ly blazing awa and that about 200 modern fighting vessel in the Chin- Hans have been Killed Our ese navy, was then scuttled.
Trans-Ocean.
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