The Japanese Press announced with indignation last week that the long fingers of Dr. Hjalmar Horace Greeley Schacht, the German Economics Minister and Reichsbank President, have now dipped into China as well as into the Balkans (TIME, June 29 et seq.). The official Japanese Domei news agency put on its wires that China and Germany have just signed a trade pact with three clauses:
I. If China goes to war with any country except Germany, the Reich will "employ its good offices" to enable China to import munitions.
II. China undertakes to supply Germany...
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