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THE CHINA-MAIL, SATURDAY, JANUARY 14, 1950.

RED CURRENCY GOING THE WAY OF GOLD YUAN

The Chinese Communists' People's Currency or Jon Min Pi, which Communist propaganda claims soid "would definitely not deprociato," op- pears to be going the same way as the Na- tionalists' Gold Yuan.

The Communist claim stood its ground remarkably well during the first few months following the Liberation of Nanking and Shanghai when there was a relatively surprising economic stability

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also a sig depressions btwining after Comumarkt occupation of the Ninking-Shanghai area.

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DON

IDDON'S

DIARY

The gold rush is over

the

New York, Tuesday. After the big build-up, 1950 has made a moxiest entrance. We were primed

with gaudy stories portents of signs and

in the sky, of historic change and tremendous levelopmet and it no different. I have looked at the sky and

We were mured over and over again that this whs to be American half-century, belonging "predominatly and uniquely' 10 the United States. I have glanced at my new calendar and found it to be made in Birmingham.

Perhaps other peoples, even the abused British, are to have share in the shaping of the next 50 years.

Credit wat given by obser | illegal trading. But, in the opinion. effective Communist | at competent economic ubservÖTA,

Sportrudt. ba:

the problem these

la more one the radial prueess of economic re- very them one of control. Ciferally, the Communists have

Not worn out noticedeat Phot infation would cestance for the next few years. The advance publicity men pro The Nễ 2 Commutust, Liu Shao-sibily overplayed their hand in clu, sabl in a recent speech that making such grandiose einims and washf be the haritest year arqulaltions, and planting

Stars Inter The Faunes Minister, Ho Lepin, in low handget spcerty on Decenben 2 revende Chat 61.4% | cluding

the burigelony deßen. which asserts

1877 of the total budget, | perisalt by tale te shel by the printing life, and fortunes.

A the L'omurtiutely Ea expandedomcally in the new Govern

territorial confod penalting

an a jar Hind recovery of haralipog The Clubility Broke down nod 10

Ta thre

Wheth

dudes the Nationalists

The apst Valmi fluctuation いき started alter The

Apluse o fubleu mah a Comfomating.

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Every

Fran

alany

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the the

People are

Phooking

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Falent third patters have

boy between 40 20 times

1

The grants these

די!

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matofat-s 126 24

in Shanghai pie 108, 1:f ༨༨4t t 1503 ath #ult

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The the the fou

Liberation of

Jarped dept

1 tha

jasen Staruplas, the

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Serious blunder

in

over

the HỈ

wart Stripes Them 11 Teng, long way to the year 2000 and anyone. Ib- who

нез

Mr

Heary Luce onepoly challenging our

over

Whate

time.

and

I should he tu pod install stake for the British. We are not so enfeebled

worn-out as American astrologers make out. The Communists committed a

A Birth if the world is stone- Ap thing be reckoned with SCTIONA polllical blunder

Constmonwealth Eve clalovetog

their People's Empire Currency, unlike the Kuamin spread across the globe should not These sweeping gen- {atqua£ Ltf

which they be gruwend Yuan dubbed a "public swindle," eralisations, in print and on the

air, that Tianne's ern Ik ove and tone with, that the British Toples have been hon of theat power, amet praation, are if 20 offeredve.

indation prof

healty pressed its hom

the

Commst propogama energy-

可 wule

fru

2010-1212,-

the

people news

stability, renun sequently the

papers something like "rd you

The Progra

will CAPRY

Nanking

m canulation wete

TATE5200 In Augurt. notes

EXELS THE 201 JMP'S LOG datreshed Sroom notes of JMP35.

61

Then pl AR Q

de brutely not argumente

Then let Chelobra, asflation of a vinden alle.

The Com-

the 8]yi[ tilprit usual tapler of self- wTT* In 201 JAIPS Jou will abn bej dorost annon tila ei by the famous novelist, 1.4 Hawn, Centriday The Govel "The Biography of 42 que fued to lefend its etion by expluming thet

lication of

bf prices turlike thint

pre-

Hilo vareutation Berorthog ta | ན

put mor

Mint in Shangha

24 from

SOLATIL

"se

1 now av en kine and als probation

and le do pour loves the po

a firm sanseler the Knutitank 13064 Truths of the unhert

Freder

Tire utal mala sli is, however. kept secret.

Black market

Black marketeering in foreign surrenc'ca and gold and spic Talion In commoditics have reappeared but in

+

Bmallee scale than during the Kusmin lang days.

But af Does a 1 20 rite thit ethe in foreign exchange #ute live become unrealistic The

lack market rule for Ameen ans dellars is stelars alanut 30 20 per cent higher than the oficial rates

Pre tetustions are cheong KLAVD Copters is the Communist Government. Chiel -flation-

nemeures which they had!

f

down

4

they rabn- Insta

ban

il Kuthlang, of economic was an "mevilable

woul

་་ ་ ནཱ་ ་་ by-patuet of vetory. It would belge in hinging about economie juosperity. in irreasing produc- Treat the Hiter-How of goods

urban and rural areas. This is the theme of the Premier, Chou En lay's, speech and of an official report on economie condi- tore munte i Peking Hut Novem- tun

The Communist Government, dispate as propaganda cbim, up- pass to have no confidence in ita

netency, as evidenced by the fact it is endlecting its taxes and devies util ulʊ paying its workers in komme urins in terins of rice or millet purity units.

"Some as KMT"

Many Chinese took the

Cum-

Shunghan and Nanking are cutting manis at their word in regard 10 Governmeal expenditures | the People's Currency. When in- to the lurest

minimum, making dalim started and when Cam-

Neutral

Jurken gempatest gen- Frets ut experimental foodbelly with Somalist, we nol to be regarded as supplicants anal culo et bought with Hanket.

ands

י ויונן

a plenam the New Yours, news rul

ire dealthy maarin

at once, this minutė, tonight; oven more senso if it were accompanied by a resolve to lear down Ameri- ca's tariff and Customs barriers, which block the way to the dollar market.

America has key

There will always be a dollar famine for Britain, even if the British work twice as hard and sell twice as strenuously, as long as the door to the American lur- der is bolted, barrod, and festoon ed with barbed wire,

New Yorkers returned to work gingerly today after a three-day nonstop celebration,

The newspapers ቤቲ dotted with hangover curva AKİ dire Warn

from "Alcoholics Anonymous" Exact figures on the Amount of liquor consumed are not yet avaliable; but all records in imbibing have apparently been broken.

No one missed the water short- uge, and it was considered a pat- riotir duty to shun the stuff.

The people returned to hent

good

In

the

newa-an ensing apartment situation. At but you en get nat without bribery. corruption, fawning over building superintendents, and ostentatious obeisance in landlords,

there is no case for worry un-

the figure rises to at least 3,000,000. Maybe a Government never worries until the total of unemployed outnumbers the Na- tional Guard.

There has been a big change in the appearance of the city minec the week-end. Christmas decora- team have been abruptly propell- ed through the exit, and there is to be no nonsense about waiting

or Twelfth Night.

by

Store windows, which were louded with Linsel, synthetle snow, angels, and elves, are now strewn with sand und illumsted by artificial Florida sunshine. Every gumany and wax figy

figure wears u bathing-suit or haiters and shorts, looks through tinted glasses, id poses under a striped umbrella.

Shoppers are

being urged ไป for buy

winter Vacations in Miami and Palm Beach. Trains, planes, and cars are abandoning New York for the South. and "Florida" sun-tans are advertised in elly barber-shops for as little ns 7x.

Un the fashion front the short- cropped hair-do style is sweeping

Winthrop Surgeont: the country anys: day feminine civiltsa -

tum is facing

Airendy a crisis. ugly symptoms of decline are set-

Bat-heeled ballet The ting 1. Don't envy me

shipper, the tent-like skirt, enunciated Scarecrow fashion trigazine, the chopped- off effect which might charitably be described us Anna Pauker haircut Re heralds of catastrophie, pointing to' new Dark Age in which wo- ren may ugain crust to be wo-

I moved a few days ngo, trubs- festing my modest establishment a couple of blocks up the Avenue, I chose an unfortunate tine, slopi In the middle of the holidays Everything was promised, but

has been delivered nothing

1 walk on bare bounis anel

PALATON prop my typewriter on a window- There are no erituns anch

Only affe threaten. ing physical violence and kelion in the courts have 1 secured telephune

.1II܀

Scan reuters say they envy me my life in New York They need Not. Many

of the amenities of life are twice the por mil half the quality + their Bridal easterparts,

ไป

drastically and that 3,42492,tyante,ɔtati destin are to be topped off the Batish shume The prOHLENCE- It is prodigiously expensive tu ments, which are ringing in 1950, | cat, entertain, travel, clothe one-

if, have a haircut, a tooth pull Eve names

Ames waned, or an illness treated. I say Hurlaget were inevitable, anywny twice as expensive us in England, TIM 1

gument about thei

Colleague John Hall, who worked here, says

says three tinies as much. All the would-be Immigrants sho write to me, attracted by re- ports of 120 a week for clerks and murder,

£25 for mechanics,

Europe is to recetve less. Huss lam is to terrive Jews. The Gold Rush of the Porty-nineus by over.

There is even talk of wdrivat- Big the Atterbeans and the Euro- Beans from The Marshall 'LAATS altogether and substituting sunie new plan Lo tabulise work reu- mmy, and it is sound talk,

It makes more sense than gha ultra UNS

Europe to Integrate

ક્રમ

£30 for salesmen and policemen, £30 for ruutine reporters, might remember this, and also the mys deniable fact that there are 4,- 000,000 American unemployed.

Government officials say ever: Hus large Agure is normal, and

Woman admits she set hospital afire

Rock Island, Illinois, January 12.

A woman patient was reported today to have ad- mitted that she started the fire which took the lives of 41 women in a Davenport, Iowa, hospital on Saturday.

The State Attorney, Bernard¦ who attended her, described the

woman as a schizophrenic. Moran of Rock Island County. made the announcement and

pulstic VALA self-supporting must propaganda resorted to its and Ingross Ingh

arad "Ah Q"spirit in trying to explain Teries on busines, industrial and away the flatkin, the public

groval R

production.

unfavourably, Travled very obser

In Shanghai a popular comment identified the woman as Mrs they are the sunit as the Kuo- Elnora Epperly, aged 22, of

tang-just trying to

to bluff us. The collapse of the People's

neutral

vers mnastics that

the current economite destabilly is to wity reflectioni on the ofheiency of the Communist Gov

observers

Rock Island.

Mr. Moran sald that she ad-

ernment, which is generally coni- | Clat rency, whichssibility, would mitted that she started the fire in,

sidered to be of a much

standard than that

higher consider u of the Na 14!

tionalists. The Communist Gov-

erpment has achieved

ables

is anti-inflation-

able success in nry measures, It is

her

The States Attorney said that Dr. Hollander said that she was the type who "belleves herself for all the troubles of responsible the world."

world.

John Epperly, the woman's husband, phoned Mr. Moran first and told him the story, ¿ Later she telephoned and told him she, set off the fire by Ignit ing the curtains in her room. She was

taken to her husband's home

u good orny political pr thorny

room in St. Elizabeth's problem for

it the Communists when"

Mental Ward of Mercy Hospital comes, consider- v skle its

economie impil- jers | leaving

The three storey building was Under the terms of Com Latsons

raced Aro which om destroyed by surpessful in its anti-extravagance the people's cannot, must not and

especially han

plcpt munist ideology, anything that is through it as patients ole

At Davenport, it was ann

after the fire, announced inaking it less necessary for will 1995 full. Their policy is to that a murder charge has been the Government to resort to the call any

ogninst Mrs. Epperly. pung Press than was

anything that Is permanent

during the Nationalist days.

for

the people's. When the time comes It has made a

currency reform, their pro much better blem is, iu the opinion of obser- showing thau its predecessor controlling

vers, what nume should they give private hoarding, to the new currency-United speculation and other types of Press,

ALHAMBRA

LIBERTY

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in

Mr. Moran in Rock Island cau- tioned that the question exists is

Police began investigations, The Scott County Attorney, Clark Filseth, sald that he has filed a charge of "murder com-

to whether full faith can be plac-mitted in perpetration of arsan." ed in the woman's story.

Rock Island is across the Mis-

He said that Dr. Werner Hol- Isissippi River from Davenport- lunder, Davenport psychiatrist Associated Press.

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