1940-05-03 — Page 3

THE CHINA MAIL, MAY 3, 1940.

SHANGHAI PRICES SOAR AS CHINESE DOLLAR TOBOGGANS

(SPECIAL TO “CHINA MAILTM”)

Shanghai, To-day.

NEITHER THE CONTROL FUND nor banks operat- ing on its behalf gave any reason for the sudden withdrawal of support from the exchange mar- ket yesterday which resulted in a sudden slump of the Chinese dollar, the U.S. dollar being quot- ed at 20 Chinese dollars.

Reports of pending American. as- sistance to China are unconfirmed though some quarters believe the United States may take measures to support the Chinese currency at least in transactions with Free

China,

One of the immediate con- Sequences of the slump In the Chinese dollar was a renewed dearth of foodstuffs on the market, espe- cially rice and flour. Salgon rica

JAPAN AND

EUROPEAN CONFLICT

Tokyo, To-day. Japan's determination to

soared to $48 per ton against $41 maintain, her policy of non-

the previous day. Meanwhile

local bankers

are

strongly impressed by the fact that local yen quotations shared the Chin-

ese dollar's decline. Yen could be purchased at 128 and the military

yen at 127.5.-Havas.

involvement in the European war was emphasised by the Premier, Admiral Yonai, in a speech to a conference of local governors yesterday.

He added: "Simultaneously we are paying close attention to the effects of

SIR JOHN ANDERSON TO DEAL WITH SUBVERSIVE PROPAGANDA IN BRITAIN

ANDERSON TO the European war on East Asia and

London, To-day.

are taking appropriate steps when- ever they are necessary.

"In such an international situation we must

be fully prepared to face great difficulties both at home and abroad in fullling the great mission

Larry, Supreme Court

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Replying to a question in the Com- | Asia." —Reuter. mons yesterday dealing with subver- sive journals and organisations, Sir John Anderson, Minister of Home Security, said an attempt to suppress statements, which may be open to objection on the ground that the language used is inaccurate or immo- derate, would involve very extensive interference with the liberty of the press.

JAPANESE

"What I am considering is a guard- ed and limited provision to enable action to be taken in serious cases of propaganda deliberately designed to impede the national war effort."

WHITSUNTIDE RECESS

the

London, To-day.

IMPERIALISM

BUCHAREST, TO-DAY.

THE "CURRENTUL” IN A LEADER ON PACIFIC OCEAN QUESTIONS, SAYS: IT IS DIFFICULT IN PRE- SENT CIRCUMSTANCES TO FIND A POLICY SATISFYING JAPANESE NEEDS.

Holland has shown proofs of real sympathy for Japan and encourages organise all European tendencies to

a just division of raw materials.

Japan, on the other hand, is not

The Prime Minister announced that, inclined to wait for European prin-

House would adjourn for the ciples of organisation in Asia. Whitsuntide recess next Thursday and The powerful current of Japanese reassemble on May 21.-British Wire-imperialism in Asia has less.

public opinion in Tokyo.-Reuter,

won over

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