CHINA LOAN WARNING PLAIN
DECISION EXPLAINED
Chungking, To-day.
In explaining the decision taken by the Ministry of Finance not to advance any more funds for the servicing of customs loans, a spokes- man of the Ministry declared that the step was forced on the Govern- ment by the Japanese illegal deten- tion of customs funds.
He recalled that when the Ja- panese occupied Peiping and Tien- tsin, they demanded the control of customs funds but promised to re- mit pro rata, shares of these funds necessary for the servicing of for- eign loans regularly to Shanghai.
The pro rata shares were never remitted to Shanghai, the spokes- man revealed.
Instead, all customs receipts. were forcibly deposited with Japanese banks.
Funds previously deposited with the Hong Kong and Shanghai Bank- ing Corporation were not allowed
withdrawal.
IN NEW NOTE TO JAPAN
(Continued from Page 1)
PLAIN LANGUAGE
"The Daily Telegraph” says that the plainness of the language of the British note, will be welcomed by all who have studied Japanese official statements.
which
The original limitations Japan nominally set as her aims to! start the Chinese War had long extended beyond the punishment of anti-Japanism or even: "Bringing China to Her Knees."
It is not merely the destruction of the Kuomintang or the domina- tion of more Chinese provinces | which was now the object.
After examining the meaning of Prince Konoye's peace terms of December 22, the journal says that under them the Nine-Power Treaty vanishes into the limbo of the purposely forgotten.
Bive
purposes, has instructed, in its reply, that customs receipts should, of course, be used for the servicing of customs loans.
The reply said further that
the
Recently the Inspectorate-General of Customs had wired for an ad-] Central Bank of China will be ask- vance for January serving. But ed to supply foreign exchange only the Ministry, considering the tying up of large amounts of customs funds in Japanese banks which are not at the free disposal of the Cus- toms, and the Japanese utilization of these funds for their own aggres-'of Customs.-Central News. ·
when pro rata customs receipt shares from places in the war zones are duly remitted and when the large funds now detained are re- leased for the disposal of the I-G.
THE CHINA MAIL, JANUARY 16, 1989
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