CREDITS FOR CHINA

Wairarapa Times-Age, 17 December 1938, Page 7

CREDITS FOR CHINA

GRANTED BY UNITED STATES / EXPORTS OF COMMERCIAL GOODS. INCLUDING MOTOR-TRUCKS & PETROL. By Telegraph—Press Association—Copyright. WASHINGTON, December 15. The Reconstruction Finance Corporation has- announced the authorisation of 25,000,000-dollar credits by the Export and Import Bank for Chinese interests for the purchase of American agricultural and manufactured products. While it is insisted that the goods are of a purely commercial nature, it is understood that they include motortrucks and petrol. The Washington correspondent of the “New York Times” says that, “taken in conjunction with reports that Britain is about to extend credit to China, it may mean that the two Powers are throwing some of their influence in the scales on behalf of the hard-pressed Chinese and against Japan, whose disregard of their rights in China and flouting of the open door policy has resulted in a serious diplomatic impasse.” THRUST ANTICIPATED ATTEMEPT TO CUT INDO-CHINA ROUTE. JAPANESE CONCENTRATION NEAR CANTON. HONG KONG, December 16. The Chinese are reported to be destroying bridges on the border region between Kwangtung and Kwangsi provinces in anticipation of a new Japanese advance to Nanning, capital of Kwangsi. aimed at interrupting the supply of arms to China through French Indo-China. The first clash is expected at Fatshan 10 miles south-west of Canton, where 3000 Japanese are concentrated.