WON'T USE FORCE.

North Otago Times, Volume CVII, Issue 17166, 24 March 1927, Page 5

WON'T USE FORCE.

JAPANESE ANNOUNCEMENT. MORE BANKS CLOSE. i i Received Wednesday, 7 p.m. . TOKIQ, March 23. The Minister for fhe Navy announced in the Diet that a Japanese naval force had landed 1905 men at Shanghai. He said four thousand could be put ashore if necessary, "The Japanese Government has no intention of using force in the existing situation in China," said Mr Shiderhara, Foreign Minister, replying to an interpellation in the Upper House. He said: "The Japanese authorities do not intend to take any action on the alleged Soviet acj tivities in China in the absence of | any verification thereof. The .Tapi anese Labour element is in no way j affected by the strike at Shanghai, j nor does the Japanese Gove.rnment { propose to resort to arms in order | to prevent strikes at Shanghai, notwithstanding the fact that the Government is aware of the losses entailed thereby upon Japanese naI tionals." 1 Thi'ee more banks have announced that they- have been closed for adjustment. This makes five with- 1 in a week unahle to pav current de- i oositors. 'A bankers' meeting' has * been called to consider methods to meet the situation which is regarded as grave but not critical. A number of secondary banks are endeavouring to meet the demands of ncr- ' vous deuositors. j «