TRADE IN THE ORIENT

Timaru Herald, Volume CXXXVIII, Issue 19943, 30 October 1934, Page 4

TRADE IN THE ORIENT

JAPAN’S CHALLENGE TO WESTERN PEOPLES British Official Wireless RUGBY, October 26. to the Japanese Government with regard to the proposal to establish a trade monopoly, arge > financed by Japanese capital, in Manchukuo, have been made by the British Ambassador at Tokio and the British Consul has made representations on the same subject to the Manchurian Foreign Office. It is understood that the United States representatives have taken similar action. According to newspaper reports the foreign interests affected regard the proposals as not in accord with Article 111 of the Nine Power Treaty. By Article 111 the Powers agree “not to seek, or support, any arrangement which might establish in their favour any general superiority of rights with regard to commercial, or economic development in any designated region of China," and secondly, “any such monopoly as would deprive any other Power of the right of undertaking any trade, or industry in China, or of participation with the Chinese Government, or with any local authority in any public enterprises, or which is calculated to frustrate the practical application of the principle of equal opportunity.”