1949-02-26 — Page 7

MARSHALL PLAN FOR Foreign Policy Group Suggests Programme For Economic Recovery

Washington, February 24. The United States Foreign Policy Association tonight recommend-

ed a Marshall Plan for Japan and the Far East.

Need Big For Cotton In Japan

ex-

The Association, a private but influential group of

foreign policy experts urged a comprehensive... and co-ordinated programme for the revival. of all For Eastern economies "along the lines the United States is now following in Europe.”

'In its report, prepared by Dr: whole trade level so that Jerome B. Cohen, an economist | ports pay for a volume of im attached to the American ports sufielently large to sustuln Strategle Dambing Survey in 80,000,000 people in four poorly Washington, February 25, Japan, the Association said this endowed islands." The U.S. Agriculture Depart-prográmuse would aid "genuine

yesterday Thent

estimated reonomic recovery in Japan." Japan's 1949

require-

Without such menis at about 800,000 bales. compared with 700,000 bales in 1948.

cotton

"The solution of this problem, without widening the dollar gap programme | by increased imports or arousing! for the whole of the Far Engi, enmity and retaliation on the Japan would either "neur the

part of other countries by In- displeasure and enmity of other

exports, is essential to

Asian countries” by its trudes reaser!

of a self-sup-

The Department said it is "not programme, or it would continue the achievement skely (Japanese) textile operato need American tous can approach pre-war levels sistance. within the foregreable future.

Dncial sporting, stabilited Japanese eco-

nomy,

Dr. Cohen declared that the 650,000 "crux of Japan's Frenvery"

wax

of

American exporters hope to

apply

approximately

bales of Jupati's estimated re- the revival of its felgn trade. quirements next year, the De- partment said.

The report said principal the

will Le through the or export- Japanese "gokel pot" huport revolving fund of US$60. 000,000 about half of which is available, and

US$150,000,000!

The "short sighted" efforts of American occupation MB- thorities to revive Japan's culton textile industry had failes he- cause the Nylon-conscious United States would not import enaugh Japanese silk to enable Japan improve her

lessen established Inst Japanese

exports to dependence

the Sear for financing textiles for American taxpayer,

CUR

fund Congress

occupied areas.

Agricultural

Unued.

nomic elaos In

he

10

"Genuine economia recovery Japan would be greatly aided by formulation of com. prehensive and co-ordinated programme for the revival of all Far Eastern economics, along lines the United States is It grows following in Europt. cicarer dally that Japanese re-

THE CHINA MAIL, SATURDAY, FEBRUARY 20, 1940.

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