EQUAL NAVIES OF AMERICA AND JAPAN.

Auckland Star, Volume LXIII, Issue 27, 2 February 1932, Page 7

EQUAL NAVIES OF AMERICA AND JAPAN.

D ESIRE IN STATES TO BUILD MORE SHIPS. (Received 1.30 p.m.) WASHINGTON, February 1. ~ Urging the passage of his bill to authorise the building of p Al «erican Navy to treaty strength, the chairman of the Naval Senator Hale, told the Senate on Monday that, comP*red to Japan in actual combat strength, America was nearly on an even footing. f A tj 6 to the unsettled conditions in China, the Leaders °r We House of Representatives agreed on Monday to delay con--2.V j at i° n of the War Department Appropriation Bill. It was to reach the House on Wednesday. . No Money to Prosecute Big War. int The New Yorfe spokesman for leading Wall Street banking nterests said on Monday that neither Japan nor China could a loan in New York or London to finance a Far Eastern a VAt 6 spokesman said that New York bankers had not been Str l!° r a loan> nor was an y such rec * uest anticipated. Wall eet. believes, he said, that neither Japan nor China could finance re major war without outside help. He placed no credence on P°rta that, such loans could be obtained in Paris.