1
THE CHINA MAIL, MAY 1, 1939
Japanese Plan
To Take Over
Railways
-
Shanghai, To-day.
Two major joint Sino-Japanese enterprises, one in the field of transportation and the other in finance, came into being here yesterday, when the Central China. Railways Company and the Hua Hsing Commercial Bank, each capitalised at $50,000,000, were established.
The railway company, a subsidiary of the Central China Development Co., will manage on behalf of the "reformed government," 800 kilometres of railway in the lower Yangtse delta, accord- ing to semi-official Japanese reports. The railways will include the Shanghai-Nanking, Shanghai-Hang- chow, Soochow-Kashing, Nanking- Wuhu and Shanghai-Woosung lines:
TOKYO TAXI
The reports add it will also oper- RACKET: RESULT
ate inter-urban bus lines,
The railways, which are the pro- perty of the Chinese State, have now passed into the hands of the "re- formed government."
FOREIGN DEBTS
It is understood the latter will not be concerned with the thorny question of foreign indebtedness in
OF CONTROL
Tokyo, To-day.
The Tokyo Police Board reveals that 54,351 Tokyo citizens have been charged with violation of various provisions of the National
the lines, in which British inter- Material Control Regulations since
Page
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ests are heavily represented, as it their enforcement nine months ago. LAST 4 TIMES TO-DAY•
will act only as operating agent of the railways.
Violaters of the Anti-Profiteering
ing Commodity Price Control Re- gulations 17,473.
The Hua Hsing Commercial Bank Act totalled 20,500 and those evad- will have $50,000,000 capital, fully paid up, and shareholders will be the "reformed government” and six Japanese banks.
The banks' issue, according to the same semi-official Japanese re- ports, will be "legal tender in ter- ritory under the jurisdiction of the reformed government,” the spon- sors hope, and the notes "will be convertible into foreign exchange at a rate approximately the market value of Nationalist notes."-Reuter.
BRITISH CABINET TO MEET TO-DAY
There were many offenders in the metals, fuel, cotton-tissues, rubber and lumber industries. Most of the persons arrested:were released with a warning.
The police find that such cases tend to increase and signify they will adopt a more drastic attitude towards future offenders.
Particularly disturbing is the traffic in petrol-tickets issued to car owners. The official price of petrol is 55.sen (8d.)..per American gallon and taxis are rationed on a ticket system for from 100 to 150 gallons monthly.
Private owners are allowed only thirteen gallons a month. The former find it more remunerative
to
sell their tickets to, private owners at premiums ranging from Y1.20 (1/6) to Y2 (2/4) per gallon, than to run their taxis.
The authorities are at present LONDON, TO-DAY.
powerless to stop this traffic as the TO-DAY'S MEETING OF THE Control regulations fail to provide CABINET WILL DISCUSS EU-for such an eventuality.-Reuter. TURE POLICY IN. PALESTINE,
AS WELL AS THE TEXT OF THE MR JOHNSON
MILITARY TRAINING BILL.-
It is understood a decision will be taken whether conscription will apply to Northern Ireland and sub- jects of Eire resident in the United Kingdom.
+
The Foreign Secretary. Lord Halifax, may also report roč garding his conversations with the Soviet Ambassador: M. Ivan Maisky on Saturday-Reuter,
"NIKS
RETURNING
Chungking, To-day.
Mr. Nelson T. Johnson, the American Ambassador to China,
who has been on leave in the Unit- ed States, will return some time towards the end of May to resume his post, according to information from diplomatic circles.-Central NewEN
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