CHINA AND JAPAN

Hokitika Guardian, 1 February 1932, Page 6

CHINA AND JAPAN

YEN VALUE’S RECORD DROP, JAPAN GOLD SHIPMENTS TO U.S. ("United Press Association. —By Electric Telegraph .—Copyright. ] (Received this day at 10.15 a.m.) NEW' YORK, January 3i. The pressure on Japanese stocks and exchange continued abated today and bond issues are falling up to five points. The yen reached a record low value of 35 cents, a drop of a-quatfter cent over-night. It is announced that gold shipments to the United States from Japan, since December 13th., when it abandoned the gold standard, totalled 44,500,000 dollars, and 193,000,000 for the last half of 1931. MORE U.S. SHIPS TO PROCEED. WASHINGTON, January 31. Admiral Taylor, at Manila, was ordered this morning to proceed to Shanghai with such ships as he deems {necessary for the further protection of Americans. AMERICAN EXPRESSIONS'. AGAINST ECONOMIC BOYCOTT. NEW YORK, January 31. The “Times” Washington correspondent say that Senator Borah and other leading members of the Senate Foreign Relations. Committee expressed (strong opposition to an economic boycott of Japan, or. an- embargo on the shipment of arms to the Orient.

In reply to a. deluge of telegrams from peace advocating societies* asking for such steps, one Senator, namely, Mr King, denouncing “Japan’s action in forcing war upon China,” advocated “that the United States, League of Nations, and other powers should declare an immediate boycott, against the embargo on war materials to Japan.” Senator Borah said that the boycott would not help the peace movement. “It- might easily he the first step to war.” Senator Reed (Pennsvslvania): “I am opposed to the United States use of boycott, in the present state of affairs, against Japan.” Senator Capper: “"We might be involved in this mess in the Orient, and we ought to go slow in taking such a step.” ASSURANCE BY JAPAN. BRITISH LIVES NOT IN DANGER. LONDON, January 31. A foreign office communique states that the Japanese Foreign Office has assured, Xindley, the British AmHRUsad* WTofcrfy, that nothing .jvill be don® to endanger British lives or property at Shanghai, or the Intelnational 'Settlement, which will not he used as the base of an attack.

THE. LEAGUE COUNCIL. GENEVA, January 31. The League Council is expediting its inquiry into the Shanghai situation. The Manchurian Inquiry Committee may travel across Siberia, thereby saving 10 days. TO DEFEND HER RIGHTS. CHINA WILL RESIST. vSHANGHAI, January 30. The decision to declare war was made by the central executive committee of Koumintang, at which Nanking Government and subordinate foreign communities iranJadiaitely became alarmed and appealed to London and Washington for reinforcements to maintain the integrity of the Settlement. Another report says that Quotarchi, the Vice-Minister, contends that China will not declare war, though she is prepared to -offer aimed resistance against Japanese attacks. U.S. ATTITUDE. INSTRUCTIONS TO COMMANDERS. WASHINGTON, January 31. Mr Hoover called Messrs Stimson, .Adams, Hurley, Admiral Pratt, and the (Army Chief of .stall, Macarthur. to a conference at White House at 2.30 this afternoon. They were still in session after two "hours discussion on the Shanghai situation. A later messages states the conlererice terminated at 4.40 p.m. a tin which Mr Stiruson .announced that a public statement would .shortly be made-. The Navy Department has directed Admiral Taylor, who is proceeding from (Manila to Shanghai on the cruiser Uoulston, to advise commanders of his Subordinate forces to ‘‘exercise the utmost forbearance in their relationship to loth Chinese and Japanese authorities during the existing situation.