FOREIGN CREDIT FOR CHINA

Press, Volume LXXIV, Issue 22590, 21 December 1938, Page 11

FOREIGN CREDIT FOR CHINA

SERIOUS REBUFF TO JAPAN

ACTION BY AMERICA AND BRITAIN

ESTIMATED RESERVE IN U.S. OF 110,000,000 DOLLARS

(UNITED TBESS ASSOCIATION —COrYEIGHT.) (Received December 20, 9.10 p.m.) WASHINGTON, December 19. The United States has decided to continue extending credit to China against gold held in Washington. This is a serious rebuff to Japan because the Japanese have repeatedly criticised American financial help. A further protest was received from the Japanese Foreign Minister (Mr H. Arita) to-day.

It is understood that Britain is taking parallel action. The extent of the Chinese gold reserve is not revealed. It was obtained from the sale of Chinese silver.

A fairly reliable estimate places it at 110,000,000 dollars.

JAPANESE PLAN FOR ASIA

RESTRICTIONS ON OTHER POWERS

(independent cable sebvick.) I TOKYO, December 19. The Japanese Foreign Minister (Mr H. Arita) told foreign newspaper correspondents that Japan -wished to establish a new order of co-opera-tive co-ordination in East Asia, which was necessarily a measure of self-defence in the face of worldwide customs barriers. The activities of other Powers, therefore, would be subject to the restrictions necessary for the economic security of Japan, China, and Manchukuo. The provisions of the Nine-Power Treaty were inapplicable under present conditions, and should be replaced by a new order.

MANCHUKUO BORDER INCIDENT

CONCENTRATION OF SOVIET TROOPS ALLEGED

(Received December 20, 7.10 p.m.)

SHANGHAI, December 19.

The commander of the Japanese unit involved in the fighting at Changkufeng alleges that Soviet troops are concentrating on the Manchukuo border.

JAPANESE STOP FOOD SUPPLIES

FOREIGN CONCESSIONS ENCIRCLED

(Received December 20, 7.10 p.m.) TIENTSIN, December 19. The Japanese military authorities in the week-end began stopping supplies of vegetables and meat for the British and French concessions, both of which are encircled by Japanese troops.

MOSLEM SUPPORT FOR CHIANG KAI-SHEK

(Received December 20, 7.10 p.m.) LONDON, December 19. The representative of the British United Press at Chungking says that Kweilin Moslems have circularised their co-religionists throughout China alleging that the Japanese destroyed mosques and insulted the faith.

The circular pledged wholehearted support to Marshal Chiang Kai-shek in resisting Japan, and appeals to Moslems throughout the world to maintain their co-religion-ists' freedom in China.