1941-07-29 — Page 17

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Tel. 27017

CHINA MAIL

FIRST NEWSPAPER IN THE FAR EAST. ESTABLISHED 1845.

No. 33,011

TUESDAY, JULY 29, .1941

Price: 10 Cts.

SECOND ED

INSIST ON

Daisy Brand

Australia's Choicest

BUTTER

WILD RUMOURS IN SHANGHAI

Business Circles Shocked By Export Ban Report

CHINESE

CREDITS FROZEN

It was officially con- firmed in London last Chinese night that the

Government has request- ed the British Government to freeze Chinese assets in Britain and in the Bri- tish Empire.

The measures will be put into effect shortly.

The reason for the Chinese Government's desire is that the Japanese are in control of certain parts of China and consequently assets of those territories.

If the Chinese assets were to remain unfrozen it would give tho Japancac R loop-hole to continue trade with Britain, A similar request was made by the Chinese Guvernnient to the Government of the United States

have who

already taken the necessary steps.

As From To-day

It was

JAPAN

WANTS

PEACE

The Japanese Con- sul in Manila stated to the Press yesterday that Japan wants peace unless she is provoked beyond human endurance.

The Japanese will not fight, he added, and continued that there was no sense in fighting because the winner will lose in the end.-Reuter.

and in order to assist China's fn- direc- ancial position, Treasury lions have been issued blocking sterling balances and other assets of persons resident in China.

of

The directions come into oper. atlon as from the opening business to-day.

Fears Leave

Morale Unshaken

THE GRAVE SITUATION IN THE FAR EAST HAS OUSTED THE RUSSO-GERMAN WAR FROM THE MAIN HEADLINES IN ALL SHANGHAI NEWSPAPERS THIS MORNING, SAYS REUTER'S COR- RESPONDENT.

The citizens of Shanghai were dazed ali day long yesterday as wild rumours succeed- ed each other in rapid succession and the Chinese dollar fluctuated violently.

There is, however, not the slightest ques-

TOKYO TO GO

tioning among Britons and allied nationals SLOW

of the parallel action by the United States and the British Empire against Japan, despite the fears that it may end all Shanghai's non- Japanese trade for the duration.

a

The feeling among Shanghai's Britons and allied nationals is summed up in un article by well-known British Journalist and commentator who writes: "Retaliation having at last been Instituted, it will be the hope of all Britons and Americans that it utmost will be pursued to the General authority is given

pro- any payment in the sterling area limit, notwithstanding the

bability that it may result in tem- authorised ១៧ behalf of the Chinese Government as well asporary suffering and inconvenience the Japanese in centres where Army holds sway.

for

further officially an-payments necessary for fu filment nounced in London that at the re-

of certain outstanding transac-

quest of the Chinese Government | tions. Reuter.

JAPANESE DISEMBARKATION COMMENCES

JAPANESE

SHIPPING CAUTION

[SPECIAL TO "CHINA MAIL"

The Japanese liner, s.s. Matsu- moto Maru is reported lying off Singapore awaiting

to

be

Reuter's Tokyo corres- pondent says that with the freezing action by the N.E.I., Japan now faces complete isolation econo- mically, except in Japan- ese dominated areas of the Asiatic Continent.

It is expected in Tokyo that this

borne situation will be silently for the present, but un

will be explosion

imminent as as the adverse effects are Soon noticeable.

ten- Meanwhile, the present "it is now the eleventh hour

dency will be to be as lenient as to the policy and nothing is to be gained by clarification of the "freezing" or possible, according

Reuter, tampering with this retallation der-International News Service. followed by others. in order to avoid offending Reuter reports from Bombay the Japanese susceptibilities,

that two Japanese steamers, "The sooner its full effect makes Melbourpe Maru and the Toma- were due itself felt upon Japan, the more gawa Maru, which likelihood there is of earlier ap- there on Sunday, did not arrive. have no preciation by the Japanese of the Their Bombay agents

of their disastrous consequences of their advice about the cause Army's policies."

! delay.

Nanking Comment

com-

in

The most noteworthy ment by newspapers supporting the Japanese puppet regime Nanking appeared to-day in the "Kuo Min Mwin Wen" which says that Japan can only adopt eco- nomic reprisals against the British and American action in freezing

and that war still far off.

THE DISEMBARKATION of Japanese Japanese assets

forces in southern Indo-China has begun at Nhatrang, just north of Camranh Bay.

is

THE NEWSPAPER SUGGESTS THAT JAPAN MAY RETALIATE BY CONFISCATING. BRITISH

OCCUPIED CHINA, WHICH ARE

ESTIMATED £500,000,000.

AT

ABOUT

The aerodromes to be utilised by the Jap-AND AMERICAN ASSETS IN anese in addition to Saigon are in the Siem- reap area, at Nhatrang in Tourane, in the middle of the Annam coastline, in Bienhoa near Saigon, in Soctrang at the mouth of the Mekong River, in Komongtom near the Great Lake Cambodia and in Pnompenh, capital of Cambodia.

Trade Rumours

Among many Tumours in

firmed was one stating that

the

A CLEAR DAY No enemy air action took place over the British Isles yesterday.

British Wireless.

THAT'S THE LABEL

TO LOOK

FOR!

Grants

VOUEUR

Shanghai which cannot be cone Colch Whisky Japanese controlled customs have imposed. restrictions. on certain YESTERDAY THAT AS A RE- categories of exports from Shang- SULT OF AN URGENT RADIO

These were listed as metals, Japanese troops began dis- REQUEST 190 MILITARY LOR-machinery, cotton piece-goods, embarking in Southern Indo- RIES HAD ARRIVED *.FROM cotton yarns, chemicals and pro- China yesterday, it is officially. HANOI. announced in Hanol. 7-

The Japanese are being per mitted to use eight aerodromes under the agreement, including Saigon and Slam cap, near Ang kor, on the new Thai border.s.

The strength of the troops landing is not disclosed.

hal.

visions..

The vanguard of the main If the rumour la true, it means bodies of the Japanese troops are that the only future buyers of believed to be on four transportssuch articles,

will be the and four destroyers which will

Japanese and the only payment arrive in Saigon to-day.

that will be made will be in Japanese military yon, According to local banking and

British and American business-

g men anticipating a peaceful, oc-

cupation are remaining in Indo-commercial circles, a Japanese ban

Main Bodies To-day China-Reuter, THE JAPANESE MILITARY |.~~~ MISSION IN SAIGON ; STATED | 34 (Continued, on

on non-Japanese goods from Shanghai, if not yet introduced, is 16) almost inevitable.--Reuter/@47

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