1938-03-21 — Page 11

THE CHINA MAIL, MARCH 21, 1938:

JAPAN IS HAVING

HAVING TOUGH TIME IN CHINA

CHINA WAR

But American Experts Refute Collapse Reports-

FOREIGN BRITISH

LOANS QUESTION

THE WIDESPREAD BELIEF THAT JAPAN IS VERGING ON CATASTROPHE, EITHER THROUGH

POLITICIANS

IN PARIS: WHY?

Paris, To-day.

ECONOMIC COL-Speculation is rife in political

LAPSE OR A POLITICAL UP.. HEAVAL AT HOME, OR BOTH, FINDS LITTLE SUPPORT AMONG AMERICAN EXPERTS ON JAPANESE AFFAIRS.

True, this idea isn't a brick built without straw. Nippon is encoun-

circles here as to the real rea- son for the sudden arrival in Paris of a number of English politicians, mainly leading members of the Opposition. Several of these politicians, in- cluding Mr. Lloyd George, are tering very heavy going economic-known to have conducted conver- ally, and a considerable section of sations with the French Govern- the public is crying out against ment or to have made arrange- the heavy taxation and high cost ments to do so. of living resulting from the Sino- Japanese war.

When it comes to talking about imminent disaster, however, there is no reason to think things have reached such a pass.

Reports of a conflict of opin- ion having broken out among members of the British Cabinet have had the effect of rousing hopes in Popular Front circles

POST OFFICE

TAKEN OVER

Bertin, To

The Austrian Post Office and Post Office savings bank have been taken over by the Reich Post- Office Administration following a decree published yesterday.

The entire assets of the Aus- trian Post Office Savings Bank has been allocated to a special property account in- the Reich. Post OfficeTrans Ocean

AUSTRIAN AGRICULTURE

-Vienna, To-day. Revival of the Austrian agricul-

KWANGTEM "TRAP STILL NOT YET SPRUNG

Shanghai, To-day-

ese forces 20,000 strong claig to have surrounded in Kwangteh by an encircling movement from Wahu, Hangchow and Luchow are stil not accounted for.

A statemersued late yester day by the Japanese expedition ary force headquarters here states

Chinese fo thus have been entrapped and are now facing the dilemma of having choose between being crushed surrounding to the Japanese. Reuter

of a change in British foreign tural industry is foreshadowed in AUSTRIAN ORDERS

FROM

GERMANY

re-

aterials--Trans-

The belief that Japan is about! policy. to go down for the third time is The possibility of a reconstruc- the announcement that Herr Hitler popular among Chinese sympathis-tion of the British Cabinet in order has appointed Dr. Wilhelm Keppler, ers and undoubtedly is in part a to bring the foreign policies of President of the German soil case of the wish being fathered to Great Britain and France into search department, as special Reich the thought.

Vienna, To-day. aligument is said to be the object Commissioner for Austria.

German firms have already plac- Japan is a heavy, importer, but of these Paris conversations.

Dr. Keppler will be entrusted with ed orders in Austria to the extent even without imports her people. In this connection, much inter- the task of finding a solution for all of more than 100,000,000 reichs- won't starve as long as Korea fest was aroused by the report that industrial and economic problems marks. and Formosa aren't cut off, and Mr. Winston Churchill would ar- which have arisen in connection Bulk of these orders are said to that would require a naval rive in Paris yesterday. Later rewith the Austro-German reunion-be for building blockade. The Japanese can ports from London, however, said produce enough food to keep that Mr. Churchill had postponed things going, even though the his visit. cupboard be pretty hare y

Mr. Anthony Eden, who recently COUNTRY DEPENDENT.

resigned from the post of Foreign Beyond this she is largely de Secretary, and Lord Derby, both of pendent on the outside world (and whom have been vacationing on America is one of her main the Riviera, are expected here sources) for many of her prime shortly. necessities cotton, for example, raw materials for munitions, and machinery.

She must pay for her imports in one of four ways (whereby hangs a sad tale) as follows:

LABOUR DELEGATION

It is also said that a delegation of five leading members of the British Labour Party is on its way here.

(1) By export of her own com- Reconstruction of the British modities; (2) By services; (3) By Cabinet, it is declared here, would payment in species; (4) By resort- be the signal for the commence- ing to foreign loans.

ment of a more active phase for She is suffering now from cur-French foreign policy in respect of tailment of exports because of Spain and North Africa, made foreign boycotts and because of necessary, it is said here, by the military requirements.

latest successes achieved by Gen- eral Franco-Trans-Ocean.

Under the heading of "service," the chief item is shipping. Her merchant marine is being used largely for military. purposes, which cuts off this asset,

...

1.

$

MR. LLOYD GEORGE'S ACTIVITIES:

Paris, To-day

The Premier, M. Leon Blum, re...

As regards the shipment of species, her gold reserve hast dwindled until her reserve is beceived Mr. Lloyd George yesterday.

.

The veteran British-statesunan was accompanied by an attache of the British Embassy in Paris.

lieved by expert observers to be less than $300,000,000. The maximum gold production in all territories controlled by

The conversations lasted three quar Japan is some $60,000,000 a year Mr. Lloyd George brought along ter of an hour, and it is said that Thus Nippon hasn't any of the yellow metal to throw about.

with him two large maps of Europe LOAN OUT OF QUESTION

with which he sought to impress As far as foreign loans are upon the French Premier his views concerned, this wouldn't seem to on the international situation. be an opportune float them..

Trans-Ocean.

time to try to

So Japan has been paying in thus far have stood with the army spot cash for cotton and other ab-dominated government in its policy solutely vital necessities. Northern of expansion on the continent. China, which Japan has overrun, Outbursts in the Diet against the produces cotton and many other government programme are the things which Japan wants, but evidence of a very sizable opposi- supplies from China are dependent tion, but the Diet doesn't represent stability, and that doesn't exist. public opinion as, for example, The Japanese people as a whole does congress in the United States.

•

Trans-Ocean.-

Ocean.

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