The news magazine of the South Pacific · since 1930

Pacific Islands Monthly, 15 December 1939Vol. X, No. 5

Japan's Huge Debt

p. 29 · Read in the full issue

From Our Own Correspondent

Honolulu. Nov. 10.

That there is something more than hot air connected with Japan’s Imperial mission in Asia is revealed in the latest report, which shows that Japan’s national debt now totals more than £1,000,000,000 sterling.

Included in this enormous debt are domestic bonds for financing Japan’s “incident” in China, to the tune of £250,000,000 sterling, plus foreign obliga tions of £75,000,000 sterling.

U.S. holdings total £20,000,000 sterling.

Mr. G. Robinson, a New Zealander, took over the managership of the Metropole Hotel in Suva, Fiji, in No vember.

Mr. A. A. Harvey, of Lassul Planta tion, Bainings District, New Guinea, re cently left Rabaul to spend a holiday in the East.