Show nippon is Prepra either peace or war financially london july 28 the this morning publishes an interview with korekiyo Kore tiyo takashi Tak ashl the special finance commissioner of japan who expresses himself as hopeful that peace will result from he coming negotiations he bases this hopa on his personal conviction that japans terms will be reasonable and the true interests of russia require that she make peace the appointment of M witte he adds strengthens this hope should hostilities continue mr tak ashl say japan is in a position to prosecute the war successfully as she has on hand as a result of the two recent loans the means to carry on the conflict for a considerable time and it the war should continue there is no question that she will be able to borrow further when it was about concluded to bor row japan decided that it would be best for her own interest and fairer to those making the loans to give special security said M takashi and she can continue to do this pledging railways and public works japans profits from railways are more than a million sterling annually her from the tobacco monopoly arg more than three millions from the camphor monopoly over one hundred thousand sterling making in all security to a very large sum besides the land incomes taxed allow of a large increase asked whether japan mould have to borrow should peace be declared M takashi answered in the affirmative pointing out that large sums would be necessary necess arx tor the developments of formosa korea and hokkaido Hok kaido should japan be entrusted with protection over manchuria until china was in a position to give effectual protection he continued it would be necessary to put out a considerable sum besides it would be of the utmost importance that japan pay the loans raised at home as the return of this money would result in stimulating trade and the development of the country should an indemnity be paid by russia he concluded it should be used to pay the internal loans and provide for the winding up of the war but there would still be a large sum required tor the development of japan and her dependencies |