AMERICAN CAPITALISTS.

Grey River Argus, 28 November 1927, Page 5

AMERICAN CAPITALISTS.

EXPLOITING MANCHURIA

U.S. Government.

ENDORSES MORGAN LOAN. (Australian and N. Z. Cable Assn.) TOKIO, November 25. Washington cables report tho Government’s endorsement of the Morgan South Manchurian Loan negotiations of thirty milion sterling, at six and a-half per cent. The loan money will be used in extending branch railways and developing mining in Manchuria. The "Japan Advertiser,” representing America interests, intimates that Washington is now prepared to approve, nothwithstanding China’s protests against political loans, to- interests at present actively absorbing one of China’s richest territories.

Chinese Protest.

AGAINST LOAN PROPOSAL.

WASHINGTON, November 25.

The proposed Manchurian loan has convinced Mr Kellogg that it is a private matter in which the American Government has no particular interest and therefore, he does not disapprove of the project. The State Department published a cablegram of protest, received from Chinese financiers and business men, stating that the Chinese people are alarmed at the news that the loan is for a railway which is an alien system on Chinese soil, for the purpose of political exploitation of Manchuria. We are strongly opposed to supplying financial help to Japan in order to carry out her desire upon our sovereignity there. We hope the United States Government and people will preserve the friendly relations between our countries by refusing to participate in the proposed loan.”