PEACE TO CHINA

Hawera Star, Volume L, 9 January 1931, Page 5

PEACE TO CHINA

SUPERVISION OF NATIONS

AMERICAN SENATE’S PROPOSALS

ENORMOUS TO AN PLANNED

Preas Aaauuuitivii —By Electric Telegraph K^vy • NEW YORK, Jan. 7. The plan having tne double object of Bringing peace to Ciiina ana initiating an international exrort to overcome tne world economic depression win lie advocated uy a special sub-committee or tlie {senate foreign iterations Committee says tne w ashington correspondent or the New York Times. Tne sub-committee alter yeans of study well in its report advocate heavy loans of silver to tne Chinese National Government and the development o! a comprehensive plan of public improvements in China under strict international supervision. The plan would involve co-operation with Canada under the project recenly advocated by Air. H. H. Stevens, Minister of Trade-, and with the British, Trench, Japanese and other interested Governments on the Uiso and exchange value of silver with gold and the suspension of tho practice of molting up and the sale of silver money in India. It is reported l the plan for a ±,200,000,000 Chinese loan is being discussed in London and l Now York and) Amencan bankers are closely interested. The value of Air. It. B. Bennett s plan for the sale of wheat to China is questioned here since it is known the Chinese peopic are not partial to the use of this cereal. Some Senators, notably Air. Pittman, insist that under an agreement by which the Chinese armies would be disbanded and set to work on public improvement there would he a market for American surplus wheat in China. Air. Pittman advocated! the advancement of £00,0U0,000 in silver now in the United States Treasury to China, for recoinage into smalil Chinese currency. Air. H. M. Alarler, head of Canadas embassy to the Orient, had been sent to China on a great diplomatic and commercial mission designed to place China on its feet so completely that it would become a huge and profitable market for British, Canadian and American goods, stated an Ottawa cable on Monday. . . The whole plan was being discussed iu London, New York, "Washington and Ottawa, for the rehabilitation of silver and the general reorganisation of the Oriental trade and market. The idea was to call together the five or six leading war lords in China fighting among themselves and mam'taining armies of 3,000,000 men and living'"'by pillage, and to try to convert''the Chinese leaders to the idea that everyone would he better off it the Chinese armies were turned into industrial units carrying out great m dustrial works for their own welfare. Then Britain and the United States would! jointly arrange a loan of ±,2W.000,000 for opening u-p China by railways and highways, and by lending support to various schemes to ensure an era of orderly civilisation throughout the nation.