THE CHINA MAIL, JUNE 15, 1988.
CHINA'S GRAND BRITISH POLICY JAPANESE GAIN
EFFORT TO
MAINTAIN
EXCHANGES
Shanghai, To-day.
ON SUDETEN NEW AIRDROME
QUESTION
London, To-day.
In a Commons answer on the
AT ANKING
Hankow, To-day.
After the fall of Anking, the Chi- position in Czecho-Slovakia, the nese main lines of defence have In a leader on the recent col-Prime Minister said he was hopeful been removed farther to the west lapse of the Shanghai dollar, "Finance and Commerce," Shang-that with the goodwill both parties and Chinese troops are now prin- hai's principal business weekly, were now showing a settlement cipally concentrated near Tsien- declares that it cannot be denied could be reached by negotiation shan, which is about 30 miles
that the local market has been
obstinately pessimistic for the between the Czecho-Slovak Govern- north-west of Anking. past fortnight due to the reactionment and the Sudeten Party. of unfavourable factors.
was
else- in
According to reports here yester- day, this army, which is said to has received reinforcements occupy strongly fortified positions, military quarters in Hankow optimistic regarding the possibili- ties of future resistance.
and
are
bring
But if these delicate and difficult The cause of the slump is largely psychological but can be ascribed part negotiations were to be carried on ly to unfavourable news from the bat-in a suitable atmosphere, it tlefields and the threat to Hankow. essential that the utmost patience If the political problem remains un- and restraint should be exercised resolved, the deadlock in the financial sphere must continue, otherwise it both in Czechoslovakia and
The British Minister must be admitted that the Central where. Government is doing its best to Prague had continued to emphasise in several recent interviews with SPLENDID ACHIEVEMENT the President, Dr. Benes, and mem-failed owing to the columns in ques- The allocation of sterling and U. Sbers of the Czechoslovak
tion having been successfully held the neigh- dollars, averages £180,000 a week and
ofment, the urgent importance
up by the Chinese in must be considered in the time stress, a splendid achievement, more reaching comprehensive and lasting bourhood of Tungchen.
AIR DANGER so as such a sum is considored suf- settlement, by negotiation.-British
maintain the Chinese currency.
ficient to actually cover the present im- port requirements.
The extra demand represents a flight of capital and it would be ridiculous to expect the Government to supply funds for the latter purpose.
Wireless.
Govern-
of
ally such goods could not find a ready Mass psychology is responsible for market in normal times, how could the stampede which the Shanghai mar they be expected to find buyers in ket has been witnessing in the last times of turmoil? week, a movement which was prover- bially difficult to arrest.
Therefore the Government alloca- SUFFICIENT FOR NEEDS tions of foreign exchange granted in It might be argued that not merely Shanghai ought to be sufficient for le newly arriving merchandise be cover-gitimate needs, while the proceeds of ed by foreign exchange but also cargo exports are available on the open mar- lying here for years. Speaking gener-'ket.-Reuter.
MUSTARD'S for SAFES
ACME SECURITY SAFES AND VAULT FRONTS
HERRING-HALL-MARVIN SAFE COMPANY
Sole Agents:
MUSTARD & CO., LTD.
(Head Office- SHANGHAI)
DAVID HOUSE HONG KONG Phone 31141
1.S.S. Bldg., 147, The Bund, CANTON Phone 13746
The Japanese attempt to about a junction of troops stationed at Anking with columns advancing from Hofei, has, it is stated here,
а
are
It is admitted that the capture of Air Anking gives the Japanese Force a great advantage since large airport near Anking affords an excellent basis for air raids on Hankow. It is, however, added that both banks of the Yangtse strongly fortified so that hope of successful resistance to the enemy's
been further attempts, to advance west-
by no means wards has abandoned.
on the Concerning the situation Peiping-Hankow Railway, Chinese reports yesterday assert that the Japanese have not given up their. plan of capturing Chengchow, although,
in
the floods
the region between
Kai-
feng and Chengchow will necessári- ly render an advance on the latter city very difficult.
JAPANESE LOSSES
detachment of Japanese The troops which succeeded in reaching Sincheng on the Peiping-Hankow Railway, north of Hsuechang, on Monday, has since been compelled to retreat. No new reports were to hand here yesterday concerning the extent of the floods in the Plain of Honan but a stream of refugees continues to pour without interrup- tion into Chengchow, where the au- thorities have the greatest difficulty in feeding them and providing for their transportation elsewhere.
ma-
It is stated that the Japanese lost large quantities of war terial, including guns and tanks, between Kaifeng, and Paisha owing to the floods.-Trans-Ocean.
STOP PRESS
TEL: 20022 or 33993
OFFICE APPLIANCE
CO., LTD., Tel. 28607
Sole Agents for
AND
ROYAL STANDARD PORTABLE TYPEWRITERS
REFUGEE MUI TSAI CASE
Lam Kwan, a married
woman,
The manager of the Tong Yue-sang was this morning fined $50 by Mr. Face Powder Company, Wuhu Street, H. R. Butters at the Central Magis- was fined $50 by Mr. Q. A. A. Macfad- tracy for keeping an unregistered yen when summoned for keeping 17 muitsal. women workers in his factory after 8 p.m., on May 21.
were
Inspector Fraser said that as the result of a telephonic message he Two young Kowloon women fined by Mr. Macfadyen this morning, visited No. 90 Gloucester Road and for possession of wireless-sets without found the girl. The defendant was a licences. Miss Ng Hon-ko, of No. 159 Lai Chi Kok Road, was fined. $40 and Miss Leung Tim-tim, of No. 213, Fa Yuen Streat, was fined $25.
MUSTARD
& CO., LTD.
Tel. 31141. David House.
Westinghouse Kitchen proved
KEFRIGERATOR
came
a refugee from Amoy and here last August. The girl, pre- sented to defendant by the mother, was well treated and well clothed, and had expressed a desire to re- main with defendant..
case
The Colony's health bulletin this morning again showed a clean sheet of as regards cholera one smallpox, two of diphtheria, five of typhoid, and two of meningitis, were reported.
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