GAMBLE ON MANCHURIA

Taranaki Daily News, 26 September 1933, Page 7

GAMBLE ON MANCHURIA

JAPAN FACES BANKRUPTCY

WIDE DEMAND TO END TRADE

ENORMOUS BUDGET DEFICIT

MILITARISTS UNSATISFIED

By Telegraph'—Press Assn. —Copyright.

Rec. 9.30 p.m. London, Sept. 25. “Japan is facing financial and economic bankruptcy as a direct result ,of the use of huge sums for financing operations in Manchuria, where she staked everything on a gamble,” says the Daily Herald, “and all the indications are that she will lose. “Japan has carried her policy of depreciation too far. There is a growing demand all ever the world for .Governmental action to prohibit the importation of cheap Japanese goods. If action is taken it will force Japan into bankruptcy. She is faced with a Budget deficit of approximately a hundred millions sterling at par. Only 55 per cent, of the Budget requirements can be met out of the normal revenue, yet the military party is pressing for additional expenditure," SOVIET-JAPANESE FRICTION EASTERN RAIL DISPUTE ARRESTS BY MANCHUKUO Moscow, Sept. 24. The Press adopts an anti-Japanese attitude. following the Soviet note sharply protesting against the alleged Japanese intention to reform the management of the Chinese Eastern Railway. Excitement has been created in Manchukuo as a result of the threat to supersede the Soviet manager Rudy by Manchurian officials.