(3) Finance Minister Kaya's Statement
The contract providing for the ¥100,000,000 loan to be extended to the Central Reserve Bank of China by the Bank of Japan was signed on July 28 by the representatives of the two banks. The Japanese Government had agreed to extend ¥300,000,000 loan to the National Government of China at Nanking in June last year and is at present carrying out this agreement. And, in addition, the Japanese Government on Tuesday has again decided to extend a credit of ¥100,000,000 loan to the same in its eager desire to contribute toward the future development of the currency system of the National Government of China at Nanking.
The National Government of China at Nanking should see to it that the reserve notes issued by the Central Reserve Bank of China should be the standard currency to be circulated in Central as well as South China, and that the use of the old fapi notes be discontinued in the future. Furthermore, the National Government of China at Nanking should bring the reserve notes currency and the military notes currency to a unity, thus enabling the currency expansion of the reserve notes issued by the Central Reserve Bank of China and the establishment of a strong independent foothold of its value.
Due to the pertinent measures devised both by the National Government of China and the Central Reserve Bank of China, the general public in China are putting confidence in the notes issued by the latter.
In his eager desire to see the currency system of the National Government of China further develop and finally reach its stage of perfection, Chou Fo-hai, Finance Minister of China, has asked Japan for the current extension of the ¥100,000,000 loan.
The Japanese Government which is invariably offering its willing assistance to the National Government of China in order to facilitate its progress as well as to the Central Reserve Bank of China to see it continue to develop, unhesitatingly agreed to comply with its wish and immediately had the Bank of Japan extend the loan to it.
Confident about the reserve notes issued by the Central Reserve Bank of China enjoying marked development as the standard currency to be circulated in Central and South China in the future, the policy of the Government of Japan will be to continue offering every assistance and support to the National Government of China even in the future, thus enabling it to consolidate and strength its foundation.