1940-02-23 — Page 28

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BASIC TERMS OF "PEACE" PACT

(Continued from Page 1.) not assume anti-Japanese and pro- Communist policies in succeeding the administration of the old Kuomintang Party.

The Japanese Government is de- termined to take full care in guiding the new "central government" so that it will not commit the errors of the Chungking Government.

Comintern, economic co-operation be- tween China and Japan and no territorial or indemnity demands by Japan.

.M..

WISHFUL THINKING

Ninthly, "the Chungking Govern- ment is treading the path of decay owing to the raising of a strong party intensification advocating peace, the

and

of friction between Chungking the Communists, uneasiness concern-

the dc- shortage of materials and crease in its revenues from Customs duties,

MONOPOLIES TO GO ON Fourthly, two national companies. the North China Development Com-ing the future of the legal currency, pany and the Central China Develop ment Company will not be subject to any change in their legal status as semi-official Japanese concerns even

establishment after the

of the new "central government."

"The military power of the Chin- weakened," ese forces has been so

the says the Japanese report, "that

Fifthly, the "central government" | strength of one Chinese division is equal to that of one battalion of Ja- will seek to unfy the Chinese cur.

panese troops." rency system and establish central bank.

& new

as.

Tenthly, the Japanese Government believes that the Chungking Govern- The Japanese Government sumes that the projected "central ment will either decay as a result of

absorb the will not

the healthy development of the new government"

of central government and the pressure Federal Reserve Bank In view

of the military campaigns by the Ja- its special mission. Sixthly, the Japanese Government | panese forces in China, or will dis- its organising does not intend at present to change solve naturally and the relation of the Japanese yen note elements will participate in the new under Wang and the yuan of the Federal Reserve central government

Ching-wei. Bank at nar.

"TOLERANT" TERMS

Govern- Seventhly, the Japanese

attitude ment will adopt a prudent towards "fa-pl," the legal currency of the Chungking Government, avoiding | any radical change likely to affect the economic life of the Chinese.

Elghthly, the Japanese Government is determined to make the Chinese understand fully

"tolerant" the terms on which Japan is to conclude peace with China.

The terms are based on the Konoye statement issued in December, 1938, calling for the so-called three prin- ciples, namely, joint opposition to the

POLICY ON CHIANG KAI-SHEK

'No Eleventhly, Japan's policy of Deal with Chiang Kai-shek is im- movable so long as the Chiang Kai- Its shek regime does not reconsider precarious situation and dissolve.

Twelfthly, the necessity of station- in China ing large Japanese forces will be removed when the Chungking Government reconsiders and proposes in peace with Japan or participates

Ching-wei Government. the Wang The Japanese Government will con- sider the China Incident ended when order in China has been restored. Reuter.

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The whole of tha staff of the Repulse Bay Hotel was called out this afternoon to combat an exten. alve fire which enveloped the en- tire hillalde behind the hotel within about half an hour,

In the early stages, the fire swept down towards the hotel and came alarmingly close, although the staff, equipped with brush- wood were lined out to beat out the blaze.

At about 2.30 p.m., the wind changed and began to sweep upwards.

however, the fire

com-

Moscow, To-day. The

latest Soviet war munique referring to yesterday's events says that there is nothing of importance to report at the front. On the Karelian Isthmus, It continues, the Soviet troops, repulsing the Finns, occupied 21 defensive positions including 15 iron and concrete artillery forts. In view of a snowstorm, aviation activity was restricted to recon-

Reuter. naissance flights.

Mr. "Boojle" Moller has return- ed to Shanghai, together with the senfor Russian riding boy of the Cire stable.

Mr. H. J. A. Hearne will ride the Cire entries until Mr. Moller returns to Hong Kong,

Auckland, To-day. The British cruiser "Achilles," Zealand attached to the New

of the victors in Squadron, one the Graf Spee battle, arrived in Auckland to-day and was given a tumultuous welcome by thou- who crowded sands of people every vantage point to cheer the warship home, while escort planes swooped and dived overhead.

To-day is being observed as special holiday and the govern-

a

⚫ment and civic authorities giving a public reception to crew.-Reuter.

nrc

the

London. To-day.. Vice-Admiral Phya Rajawang- san, the Thai (Siam) Minister to the Court of St. James, has died suddenly, as the result of a heart attack.-Reuter.

The prefix "Special" to telograms is used by the "Sunday Herald" and "China Mail" to indicate news which is strictly copyright under the provisions of the Talešommunica. tlona Ordinance, 1938, and may not be re- printed under any circumstances, either wholly or in part, without prior arrange. ment.

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