1938-10-29 — Page 24

JAPAN PAYS FOR THE WAR AND PAYS AND PAYS

London, To-day.

With the fall of Hankow and Canton, large-scale military operations between China and Japan

THE CHINA MAIL, OCTOBER 29, 1988.

NEWS FROM OPTIKOTECHNA

In addition to the other features Optikotechna offers for its low price this binocular will henceforth be equipped with SHOTTE lenses WHICH ARE IMMUNE TO FUNGUS.

are probably now over, and Japan's task is to STOP PRESS digest what she has swallowed, says the "Eco- nomist” in an article headed Japan Pays for the War.'

The enormous devastations wrought by the "scorch- ed earth" policy, the ubiquity of the guerillas and the passive resistance of the Chinese people, will undoubtedly make the process of digestion very long and expensive, and it will be a long time before Japan's new Chinese Em- pire will pay its own way.

GUERILLAS OPERATING NEAR BIAS BAY

(From Our Own Correspondent)

Canton, To-day.

Isolated bands of Chinese soldiers are carrying out guerilla operations in the region between Canton, Waichow and Bias Bay, according to reliable reports here.

Meanwhile, the. economic

| strain on Japan will continue.

Since the Sino-Japanese "inci- dent" began, the cost in budget supplementary estimates stands at 7,400,000,000 yen, and out-

as the

standing total Government bonds NATIONAL REGISTER

is now about the same

whole national income, which is PLAN FOR COLONY

formidable for a nation whose

Lazamus

6. Pedder St.

IOPTICIANE

Tel. 22203..

TEL. 20022 or 33993

Peiping, To-day.

that

It is now revealed there was an error in the five points for peace which were Issued in Peiping yesterday as a feeler on behalf of Japan.

Point 4, which caused a sensation as it suggested that Japan was prepared to pay an indemnity to China, was inaccurate. Japanis claiming an indemnity, de manding payment for the wrecking of all Japanese pro- perty in China by demoli-

finance capital is still proportion- TO BE INTRODUCED tion. Trans-Ocean.

ately small.

PAYING ON CREDIT

The writer points out that the cost of the war is being largely

(Continued from Page 1)

met by borrowing, which on the before the expiration of any period budget estimate amounts to over within which he is required by this 9,000,000,000 yen in the two years section to make it, and afterwards returns to the Colony, within two ending March, 1939.

Such rapid borrowing is respon-months from the date of his last sible for the manifold signs of in-arrival in the Colony. Japanese soldiers entered Fat-flation in Japan in recent months, shan, the well-known South China for example, the 25 per cent. in- summer resort yesterday for the crease in the Bank of Japan's note ended first time, but found the town circulation for the year

August, 1938. practically deserted.

POLICE POWERS

If in any case it appears to the Commissioner of Police that any return has not been duly made or that any return is incomplete or The great increase means pay-incorrect or requires verification, ing up the West River from Sam-ment unaccompanied by any cor- and that it cannot be made, com- re-responding increase in the volume pleted, corrected or verified with-

Japanese troops are now proceed-

shui, and were this morning

ported approaching Shiuhing.

خبر

No progress by the Japanese reported along the Canton

Hengyang (Hunan), To-day.

In what was probably the first interview he has ever granted to the press, General Yeh Ting, commander of the "new Fourth Army," which is operating in the vicinity of Nanking and Wuhu, told Reu- ter that the vanguards of his troops were only several miles

from Nanking and Wuhu. of goods sold, and consequently out the attendance of the person

is prices have risen.

Line.

PRICE INCREASES Relatively, world wholesale prices and Japanese prices have risen by over 50 per cent, in one year.

Dealing with Japan's foreign trade the writer points out that while the adverse balance in the first half of 1938 was less than in

They were halted near Tsing Yun three days ago by stout Chinese opposition, which is continuing.

OUT FLANKING MOVEMENT

An unconfirmed message states that a

is Japanese detachment driving directly for Ying Tak, the Canton-Hankow Line, Lungmoon, with the object forcing the Chinese forces between Tsing Yun and Ying Tak to with- draw from their positions.

concerned, the Commissioner of Police may in his absolute dis- cretion by a notice served on such person require his attendance at police headquarters, and every per- son whose

attendance is 80 re- quired shall attend at police head- quarters on the date and at the time specified in the notice and

on 1937, this reduction was only answer truthfully to the best of his

from achieved

of

at the cost of drastic | knowledge and belief such ques- tions as may be addressed to him shrinkage of all foreign trade.

URGENT PROBLEM

by a police officer for the purpose The decline in Japanese exports of making, completing, correcting can partly be ascribed to the re- or verifying the return. Troops despatched by the Central cession in world trade, but the con- authorities are reported to be tak centration of industry on war and ing up positions near Ying Tak in latterly the difficulty of procuring northern Kwangtung, and Kwangsi raw materials, have also played a forces are pouring into Tak Hing, big part, and once stocks are used. in westers Kwangtung, about miles from Wuchow, Kwangsi-Kwangtung border.

In these two areas, the Chinese may engage the invading forces in major encounters.

30 up,

the exporting near the deteriorate.

Industries

GERMAN-CZECH RAILWAY LINK

be resumed next week.-Reuter.

After referring to the rapidly

Prague, To-day. dwindling gold reserves, the writer

Railway communication between concludes that it is becoming an Germany and Czecho Slovakia will urgent problem for Japan to Meanwhile, Japanese aircraft con- terminate the financial and eco- tinue bombing towns along the nomic drain of the war. Canton-Hankow Line, in western Kwangtung and in Kwangsi

*

near

THE TASK AHEAD But this may prove far more difficult for the Japanese army

the border-Our Own Correspon- than the capture of Shanghai,

dent.

BRIBERY CHARGE IN PRAGUE

Ruthenian

arrested on rgés

opting

money from a foreign country

Hankow and

economic strain waton, and if the rellef Cotherstandard of living of

continues with nd

the Japane comforter

without the uests but

merely the the hard work of

The

ended the

order to Influence the government also

regarding the foreign country's political parties In Ruthen demands.

tør.

PROVED

AND IMPROVED

Westinghouse Kitiken parril

REFRIGERATOR

DAVIE, BOAG

Printed, and Published for prietors: "The Newspaper Lady by GORDON CAIS BUI Wyndham Street, Victoria Hon

are

The men of his army dressed in plain clothes, he said, and frequently put up posters on the city walls of

:occa-

Nanking, and era suc--

sions some of

ceeded in entering the city.

The interview took place in a small hotel in a room light- ed by a kerosene lamp.

General Yeh Ting, who to gether with Gen. Ho Lung staged an uprising at Nanchang in 1928 and started a ten year war between the Chingri Tom munist Party and the huomio tang, is almost boyish pearance although 42 years age.

haz]yi

During the Interview he spoke rapidly in both Canton. ese and Mandarin.—Router.

OFFICE APPLIANCE

CO., LTD., Tel. 28607

Sola Agents for

ALLSTEEL FILING

NET