U.S. Credits In China
(Received 9 a.m.) WASHINGTON, December 16. The Reconstruction Finance Corporation today announced the authorisation of 25.000,000 dollars’ worth of credits by the Export and Import Bank to Chinese interests for the purchase ’of American agricultural and. manufactured products.
While it is insisted that the goods are of a purely commercial nature, it is understood that they will include motor trucks and petrol. The Washington correspondent of the “New York Times” says: “Taken in conjunction with reports that Britain is about to extend credits to China, it may mean that the two Powers are throwing some of their influence in the scale on behalf of the hard-pressed Chinese, and against Japan, whoso disregard of their rights m China, and flouting of the ‘open door' policy has resulted in a serious diplomatic impasse.”
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Northern Advocate, 17 December 1938, Page 10
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135U.S. Credits In China Northern Advocate, 17 December 1938, Page 10
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