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PRO/947/3.
HONG KONG.
Reference to local post-war prices was made by the Wah
It was estimated that the present pur- Hong Kong dollar was equivalent to that cents in 1941.
Kiu Yat Po of May 27. chasing power of the of only 30 Hong Kong
The Sing Tao Jih Pao of May 27 gives it as the opinion of banking circles that the tightening of exchange control may result in local merchants transferring their operations to Macao.
The New Life Evening News of May 28 states that it had been reliably informed that the purpose of Sir Mark Young's visit to Canton on May 2 was not only to invest Marshal Chang Fat-kwei with the C.B.E. and to bid farewell to the Canton Authorities, as officially announced, but also to discuss the question of smuggling from Hong Kong into China and the extra- dition of Chinese collaborators residing in Hong Kong.
The same paper of May 29 carried a report that 100 Chinese constables had resigned from the Hong Kong Police. (An official denial of this report was subsequently issued; the number of resignations in the past two months being only 12).
3.
INTERNATIONAL AFFAIRS.
There was little news or comment under this head.
Manchuria and Korea were mentioned as bones of conten-
(Sing Pao of May 28).
tion between the U.S.A. and Russia.
--
The National Times of May 28 expressed the hope that Hindus and Moslems would take the opportunity, given by Great Britain, of achieving unity.
BL
J.H.B. Lee,
P.R.O.
JHBL/APC
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