1
2
a.
the military bills were 'backed up by a
large reserve' and could be used to pay
for any purchase;
b.
C.
Hong Kong currency was forbidden to be
circulated in Hong Kong, except that of
face value below ten dollars, which could
be circulated until further notice; and
anyone carrying military bills into or out of
Hong Kong for profiteering without the
Japanese government's permission, or obstructing
the circulation of the military bills,
or changing or attempting to change the
fixed exchange rate of the military bills,
would be beheaded.
(3) Under such strong pressure, Hong Kong citizens
could do nothing but convert Hong Kong currency
The to Japanese currency and military bills.
Japanese government then sent the collected Hong
Kong currency back to Japan for military and
economic purposes and spent some in buying goods
and materials from Macau.
...