WAR IN CHINA: Money and Meaning

Fortnight ago the U. S. Export-Import Bank granted China $25,000,000 worth of credit for the purchase of American agricultural implements and machinery. Prompt use of this credit was made last week when China purchased 1,000 trucks from Chrysler and General Motors which could be used to carry Russian supplies over her new motor road from Siberia.

In Tokyo, sleepy-eyed Japanese Foreign Minister Hachiro Arita meanwhile had told foreign correspondents that this extension of credit was a "regrettable act," and, if a political gesture against Japan, "most dangerous." Summoned to meet at Peking last...

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