THE FAR EAST.

Taranaki Daily News, 27 December 1921, Page 5

THE FAR EAST.

CONFERENCE PROBLEMS. JAPAN'S NEW SPIRIT. CHINA’S DIFFICULTY, By Telegraph.—Press Assn.—Copyright. Received Dec. 25, 5.5 p.m. Washington, Dec. 23. The Japanese issued two statements to-day. One was of Christmas felicitations to the American Press, in which they said they did not expect the generous treatment they were accorded in Washington, and asked whether they had not been unduly critical of the great Powers, who, by sacrifices., had greatly benefited mankind. They called attention to the historic fact that the blood of Japan’s sons had been shed for the protection of China as by no other nation.

The other statement reviewed the establishment of the banking consortium which was formed with a view to ending competition in loans to China, with the hope of restoring more stable financial conditions. The Chinse Government was unable to extricate the country from its difficulties,, and no nation alone could furnish China with the capital to meet its needs, which must be done by a group, which naturally required supervision of the receipts and expenditure involved for the protection of investors.’ The consortium did not seek, nor desired, to control China’s finance, and did not interfere with private finance, but sought only to establish China’s fiscal situation on a sound basis.

PPvOBLEM OF SHANTUNG. NEW OFFER TO CHINA. Received Dec. 26, 5.5 p.m. New York, Dee. 25. Admiral Kato is il! from strain of overwork, but his condition is not serious. M. Hanihara represents Japan at the Washington Conference. Japan expects to make another offer to China regarding Shantung only and intends to insist on having a Japanese or neutral traffic manager. She will not concede China full control of the railway during the period of payment. China does not think these proposals acceptable, but is not supported by the other delegations, and has been advised that the Conference will not consider the matter. China may take the chance of closing the conversations. Mr. Hughes and Mr. Balfour have again been called in.—Aus.-N.Z. Cable Assn. FOREIGN ELEMENT I?/ CHINA. TREND OF RECENT EVENTS. Received Dec. 26, 11 p.m. Washington, Dec. 26. American Conference circles regard recent events in China, especially the establishment of a so-called dictatorship of super Tuchu-n Changtsolin over the Northern Republic, as vindication of the position taken by the Powers when they adopted the Root principles. This was done with the idea of removing foreign restrictions, giving China a free hand to develop when she is fit to manage her own affairs and able to guarantee the safety of other natiolials. It is evident the Central Government will be unable to exist if opposed by all the powerful military governors. —Aus.N.Z. Cable Assn.