Show Britain Proposes Plan Of China Financial Aid Suggestion Addressed to Powers vers Signatory to Bankers' Bankers Consortium By Ey United Pre Peru LONDON March 2 Great 2 Great Britain has approached the United States Japan and France inviting suggestions for financial assistance assistance assist assist- ance once to China it was learned today Authorities said that this action was not intended to forestall any ny In separate Japanese Chinese-Japanese agreement of which it was said there was vas no information here It was emphasized that Great Brit Bri II tin ala was wa eager only to to see sec ee that assist assis ance nce was given to China on the broad est possible basis The Brt British h suggestion was ac ad dressed to powers ers signatory to the I 1920 international bankers bankers' consorti consor- consor ti rn although although doubtless because o oi of i hostility to lo the consortium consortium- It H WB was WaZ explained that the consortium machinery was vas not being used Likewise it was WIS said aid that the nine nine- power treaty trealy guaranteeing Chinas China's independence was not nol involved but that the action n was vas taken In keeping lh the thc treaty's spirit British Initiative lU c came after Chinese Chi Chi- nese ese and foreign banking groups in Shanghai submitted proposals to Brit Brit- ala ain The pr proposals po als were vere regarded regard d as impracticable and then Britain ought sought the advice of other powers I TOKIO March 2 Japanese Japan UP Japanese c financiers who already have a 3 3 i loan stake in hi n China would advance more funds to o the sick man nan manof manof of Asia only on the strongest kind of le security and strictly for cal purposes purpose they Indicated toda today They do not regard the national government of China as a sufficient guarantor that any moneys mones advanced to that nation would be repaid The reports that the United States Statts and 2nd Great Britain were ere considering an International consortium consortium- to aid China financially met considerable skepticism in in banking circles cirdes here Government authorities refused to comment pending the receipt of more definite Information Bankers recalled that three times la In the last there year have been reports re re- re- re ports that the nations of the world Were willing and ready to loan China money The Japanese financiers are re will will- n to study tudy an any new proposals but they iney teed indicated that they would pro pro- with extreme caution in joining a any y agreement They would be willing flUng to lo Sra grant t in- in loans or extend credit to Individual Chinese companies upon adequate security Japans Japan's hands off China policy also must mut b be considered in any international inter inter- national negotiations to aid China On April 17 1934 4 Eiji foreign for for- eign office olice spokesman informed the We world that Japan would regard as as unfriendly any foreign political or militar military aid to o China and would like to be consulted before belore an any funds are an ad advanced d to the republic founded b by Dr Sun Su-n Yet Sen recently gave notice th that t Japan regards herself herselt as the overlord of r east Asia and md that the hands of oft off China policy still holds There have been many reports that Japan apan itself was lIS ready to loan th the Chinese nat national oal c government consid erable sums lums in return for a an agreement agree agree- ment merit which practically give the Nippon Nip pon empire control political and financial The United Press was Informed in Shanghai this week that an agree ment of this nature had been reached and awaited only formal signature The foreign forein office oUke denied ed that the I rapprochement conversations had progressed to specific proposals At the he same time the Japanese Economic league cague and Hijikata lent of or the theBan Bank Bam cf ef Japan expressed opposition opp to any Chinese loans ans |