1940-01-31 — Page 10

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1940

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THE CHINA MAIL, JANUARY 31, 1940

EFFECT OF COLONY SUPPORT ON

SHANGHAI EXCHANGES

Shanghai, To-day.

AN INTERESTING examination of the future pros- pects of the Shanghai dollar is made by "Fin- ance and Commerce,” leading financial weekly, in a review of the local exchange market for the week ending last Saturday.

Referring to a number of small selling. orders from Hong Kong, which supported the market during the week, the journal states that continued sell- ing from this quarter caused some surprise in view of the stricter exchange regulations in the Colony.

NEW SNAGS FOR THE PUPPETS

Chungking, To-day.

It adds, however, that the influence of forward contracts must be taken into consideration, in which case sell- time ing is likely to grow less as passes.

is

IT WOULD SEEM SO The journal draws the conclusion Kong, that "if support from Hong which has had such a beneficial ef- fect on the Shanghai rates for months past, ceases altogether and there In view of the worsening nothing to take its place, lower levels of Japan's relations with on the exchange market would ap- Great Britain, the United pear inevitable."

Turning to the trend in trade, the States and the Soviet Union,Journal points out that exports the Japanese may further de- not yet flourishing and stocks of ne- apparently so low that lay the inauguration of the cessaries are

Imports have to be purchased, what. bogus Central Government ever their cost in dollars. under Wang Ching-wei, LOWER RATES EXPECTED which has been set for February 22, competent ob- servers predict.

are

The periodical says: "A real pros- pect of peace would undoubtedly in- troduce a firmer note but it does not

"Generally speaking, the opinion which prevails in financial circles is

SHOT ACCIDENTAL

after

appear to be believed that a central It is recalled that the es- government under Wang Ching-wei would bring about any radical change tablishment of the bogus in the existing situation. Central Government was first schedule to take place that lower rates are probable last October 10, China's In-Chinese New Year." Reuter. dependence Day, and was postponed to November 12 and then January 1 on ac-

Shanghai, To-day. Testifying as witness at the Inquest count of the unfavourable in-

Into the death of Duncan E. Crank, ternational situation and the of the Shanghai Municipal Police, a opposition of Wang Keh-min Chinese constable, Sung Ze-jing, told and Liang Hung-chih, res-the British Coroner that the shot he pectively heads of the puppet purely accidental-Reuter. regimes in Peiping and Nan-

king. The new inaugural

fired at Crank at the Post Office was

date of February 22 was fix-chih in Nanking last September which

ended unsuccessfully. ed at the recent Tsingtao con- ference.

The same issue was discussed at the recent Tsingtao conference. It is said The process for the organisation of that during the conference Wang Keh- the bogus Central Government was min and other members of the "Pro- laid down between Wang Ching-wel visional Government" signified that and Sadaki Kagesa. It provides for they would not join the bogus Can- the convocation of a "National Con- | tra! Government. gress" of the bogus Kuomintang AA

The expose of the secret agreement

the first step and the formation of a between Wang Ching-wel and Japan so-called "Central Political Council" by Kao Tsung-wu and Tao Hai-sheng, as the second step. The bogus Cen-ertswhile followers of Wang Ching- tral Government will be created by wei while the Tsingtao conference the Central Political Council.

was in progress added further ob- stacles to the discussions,

WANG KEH.MIN DEFECTION The "National Congress”. of the Though convocation of the "Central bogus Kuomintang was convened by Political Council" has now been Wang Ching-wei in Shanghai last scheduled in the middle of February August. To discuss the organisation and the formation of the bogus Cen- of the "Central Political Council" tral Government on February 22, Wang Ching-wel had a conference there is much doubt if the plan can |with Wang Keh-min and Liang Hung-' be realised.--Central News.

LLO-THIS

OME T

Bringing Up Father

WHAT'S THE MATTER MAGGIE-AREN'T VOLI Khi K THỊ TRộ I THOUGHT TOLEDO AGREED WITH YOU-

İT DOES-IT IS A FINE CITY-. BUT I'VE BEEN THINKING OF SONNY HE MUST BE SC

NESOME

I'LL CALL HIM UP AN' LET YOU TALK TO MIM- THAT 'LL

LP

IS MR. VIGGS-YES-

WH

CHEER HIM UP-

By George McManus

E'S NOT HOME-HE'S

STAÇ PARTY

APLE CHEE

JB-I CALLEŬ

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