BRITAIN AND THE EAST

Nelson Evening Mail, Volume LXX, 26 November 1936, Page 7

BRITAIN AND THE EAST

JAPAN AND CO-OPERATION GREAT CHINESE MARKET (British Official Wireless) RUGBY, 24th November. The Chief Economic Adviser to the Government, Sir Frederick Leith-Ross, referred to his recent mission to the Far East this afternoon. Dealing with Japan, he said there was a growing recognition that cooperation with the United Kingdom was desirable, and it was much hoped there that some understanding could be arrived at. In China during the past five years the Central Government had initiated and carried out schemes of reform and development on a large scale. Administrative measures had been taken which circumscribed the damage caused by smuggling. The danger of civil war in the south-west had been eliminated by agreement and the National Government was now in full authority over the whole of China. There was much yet to he done. Currency reform required completion by reorganisation of the Central Bank. The Budget needed to be balanced and public services reformed and strengthened. Fundamental conditions for the development of trade were present. A prosperous China was the largest undeveloped market in the world for manufactured goods.