1941-01-07 — Page 7

HONGKONG DAILY PRESS

Wang's Nanking Bank Fails To Affect

S'hai Exchange Market

SHANGHAI, Jan. 6 (Reuter)-The branch of the Central Bank

in Shanghai did not open today as expected.

The opening of Wang Ching-wei's bank at Nanking has falled to affect the Shanghai Exchange Market unfavourably.. On the contrary, the Chinese national dollar frmed up markedly.

It is reliably learned that the Japanese authorities at the Nan- king station of the Shanghai- Nanking Railway refused these notes In payment of fares, de manding the military yen.

The Central Reserve Bank of With the establishment of the the Wang Ching-wel regime was Central Reserve Bank, it is pöint- formally inaugurated in Nanking ed out that Nanking aims first to this morning.

absorb the Chinese national cur- rency in the occupied areas for the purchase of foreign exchange; secondly, to eliminate the circula- tion of the national currency by enforcing the use of new notes as legal tender and thirdly to BIG DEFICIT

force merchants in occupied areas CHUNGKING, Jan. 6 Reater) to buy and sell foreign exchange -The decision of the Wang through the new bank by the con- Ching-wer regime regarding the trol of exports from these areas. establishment today of the offices

NOTES IDENTICAL of the Central Reserve Bank Da

The new bank is said to be Shanghai and Nanking simultane- ously. is a measure to meet the similar in its organisation and big deficit in the Nanking budget, functions to the Central Bank in says the SAOTANGPAO, organ of Chungking while even the notes the Chinese "Army in Chungking, are said to be almost identical in in an editorial,

design to those issued by the A special despatch to the Chi-latter bank with the exception of

the bearing different signatures. dally reports that nase monthly expenditure of the Nan- king regime now total $16,000,000, but the monthly revenue reaches only $4,000,000 to $6,000,000.

NANKING AIMS

While the capital of the new bank is said to be $100,000,000 the newspaper claims that no men- tion was made what currency the new bank's capital will be in.

Britain To Have War Production

Executive Committee

LONDON, Jan. 6 (Reuter)

A War Production Executive

The Santangpao predicts a dark future for the new note issue since the paper states the Jap anese military authorities have already issued $600,000,000 worth

of military, yen and the Huahsing Bank has only been allowed to Lasue $5,000,000 worth of notes for fear of competing with the Japanese military yen.

CHINESE SUCCESSES IN

SUIYUAN

CABLE

Latest air raid shelters in London.

FALL ACHIEVED WITH GREAT GALLANTRY

Continued from Page 1

As an additional prop to the attack, they were met by an in- falling Italian spirits, Rome Radio tense blaze of light, which were also announced that Italian thrown at them from many points. planes had bombed Malta and The Australian troops, however, claimed that an Italian reconnais had been trained against this

manoeuvre. sance plane had emerged torious after 3 fight heavy odds.

This

vic against

I

OVER 25,000. PRISONERS It has not yet been possible to attitude 15 in contrast made a full count of the prisoners to a talk by SIGNOR ANSALDO, taken, but it is expected that, it who declared that Bardia was a will exceed 25,000, terrible warning. His talk musti British naval units are reported have added to the depression of to have shelled Somaliland yes- the Italians and thinking perhaps terday, while the British Air Force that Signor Ansaldo's emotions ralded Italian bases in Eritrea had run away with him, Rome and Somaliland. Radio announced that the British offensive had faded.

A GERMAN newspaper states that Italy is so confident of her strength that it is her modesty that makes her refrain from mentioning the progress of the fighting.

R.A.F. BOMB TOBRUK

CAIRO, Jan. 6. (Reuter)-The RAF... have begun a heavy bom- bardment of Tobruk,

Another report from Rome states that the British advance "Bombing activity throughout does not alter the military situa- yesterday and the previous night. tion in the least as the main was concentrated

Tobruk.

גנס

Japs. Fire Villages Italian Army was intact and the Numerous raids were made during

In Their Retreat

SOMEWHERE IN WEST SUI-

ultimate fate of he British Army which many tons of bombs were, in the Near East East was sealed. dropped on military buildings. EXCEPTIONAL IMPORTANCE aerodromes, naval barracks and YUAN. Jar 6 (Central)In 2 A SOVIET newspaper says: the town's defences. One large counter-attack stazed

New "The struggle in the Eastern fire started was visible from Bar- Year's Day, the Chinese troops Mediterranean is not an episode (dia at a distance of about 60 molles. Operating in West Sulyuan

re- of the war-it is of exceptional | covered Esifangyingtse and several importance." other points south-east of Wu- yuan, which were attacked апо

The Japanese were driven back to the east. leaving numerous dead on their trail

Committee is to be set up consisting of the First Lord occupied by the Japanese in the of the Admiralty, Mr. A. W latter part of December Alexander, the Minister for Aircraft Production, Lord Beaverbrook, the Minister of Labour, Mr. Ernest Bevin and Minister for Supply, Sir An- drew Duncan, writes Reuter's Lobby correspondent.

This has been decided by the Government as a further step to deal with the question of war production.

It is thought probable that Mr.. Bevin will be the chairman of the Committee but

circles in some Lord Beaverbrook is favoured..

Minister without Portfolio, Mr. Arthur Greenwood, who up to now as held the position of Chairman

The NEW YORK PRESS proclaims the victory of Bardia with enormous head- lines and regards it as por- tending

come.

"Subsequent aircraft dropped their bombs into the centre of this fire, considerably increas- ing its area."

There was increased enemy air

many others to cavity over Eastern Libya yaster-

day. RAF. fights engaged in several combats destroyed seven The NEW YORK TIMES de Flat bl-plane fighters and four Italy from the war has been drawn aged a number of others.

of Savola bombers and badly dam→

The Japanese units" Invading clares that the withdrawal Hunghai, Pellang and Tankaimatu, hamlets on the west bank of the Yellow Elver, were attacked and defeated by the Chinese on Dec.

30.

nearer. The victory of Bardia The R.A.F. also aided Massawa, can hardly fail to have repercus- Italy's "East African naval base. sions in Italy and the future is The bombs tell in the target area. black indeed for the "Italian Army All British aircraft returned from in Africa,

these operations which also in- The main features of the cluded numerous reconnaissance Before retiring, they set fire to the Italian defence at Bardia were fights. British patrolling activity villages which they were forced to .concentrated searchlights. When continues on the Kenya and the

Suffering severe casualties, the Japanese had to beat a

abandon,"

retreat,

DISORDER IN RUMANIA

Continued from Page 1

of the Production Council, will,

A later report states that the while remaining in the

War German army is contending with Cabinet, devote his attention to this disorder. the problem of post-war recon- WIDESPREAD SABOTAGE struction of which he has great The Rumanian demonstrations knowledge as he was a member of began with acts of widespread the Ministry of Reconstruction in sabotage by a section of the Iron the last war.

Guard movement. which has IMPORTS PROBLEM caused the Germans trouble for Another body to be set up will some time past. Baron von Kil-

one dealing with imports. It isinger, was sent to suppress it.

The Germans, are "reported to expected, an executive committee to deal with the whole problemties to keep

have asked the Rumanian authori- will be formed and that the Minis-Bucharest to Constaza clear, be- the fallway from ter for Supply will be the chair-

cause it might be found necessary. to use it in an emergency.

London

m37.

An official announcement is ex- pected during the week.

question of production and man- power,

King Boris In Germany?

1. Another report from

tates that the Soviet Ministers in

M. Filoff, the Bulgarian Prime Minister, has gone to Salzburg to see Herr von Ribbentrop.

PRISONERS PARDONED. SOFIA, Jan. 6 (Reuter)-King ris has pardoned 389 political and criminal prisoners on the oc- casion of the celebration of the A report that King Boris of Bul- Orthodox Christmas. garla is in Germany has been

"

the Australian troops led the Sudan frontiers.

EYE-WITNESS ACCOUNT

OF BARDIA ENTRY

Continued from Page 1

11

TUESDAY, JANUARY - 7,

1941. -PAGE 7

ALL SHOPS

SELL

ALLSOPPS

100% BRITISH BEER

CALDBECK,

2, CHATER ROAD.

TURNING POINT

IN WAR MELBOURNE, Jan. 6. (Reuter)— The number of prisoners taken at Bardia exceeded the number of Australians in action, stated the Prime Minister of Australia, MR. R. O MENZIES.

MR. R. G. MENZIES The victories in Libya may be

the turning point in the war. Without Germany's ald, Italy will be knocked out of the war soon and with such an aid, she would become a German colony...

Mr. Menzies has ordered this flying of flags on all public buildings to celebrate the fall. of Bardia. The public was also asked to display flags.

Both the Press and the public

shells. The Italians, it showed me, just stood and watched us drive hall the victory with great enthu- held out to the last, but as soon through. They knew their for-slasm, newspapers paying tribute as they saw officers and men com- tress was falling and were gather to the Australians as worthy suc-

ng towards them, they made a ed to surrender.

cessors to the Anzacs of the last mad rush to surrender. One man sald how he had jumped on to an group

"Driving through this pitiful war.

we reached the gates of General Wavell's choice of the tallan gun-emplacement. As soon Bardia and were the third people Australians to lead the assault was as they saw him, the Italians to enter the town after the patrols a compliment to their daring and threw up their hands.

safd which had forced the gates. The painstaking qualities, "Another officer walked up

town was the entrance of a cave. where the quiet. At the foot of the cliff, the

burning, but it was Menzies, Italians had sought safety, with Australians had found 100 men his revolver drawn and ordered from the garrison in hiding. With them to come out and give them them were officers and ratings of selves up. They did, 2,000 officers the Italian Navy, who had shore and men, fully armed, walked out jobs in the port. and handed themselves over.

to

"I saw column after column of

STRANGE SILENCE

Mr.

SHANGHAI

MUNICIPAL

ELECTION

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FRENCH PLANES DESTROYED

TOKYO, Jan. 6. (Reuter)-In re-

When the House of Commons South-Eastern Europe are on their reassembles, there will be an early way back to Moscow for consulta-prisoners walking along with only "After the last batch of prison- debate, probably in secret, on the tions. These include the Ministers a single British truck in charge of ers had been taken away. there STRONG JAP. BID in Rumania, Bulgaria, Yugoslavia them. I spoke to some of these was a strange silence over the and Hungary.

men, but not one of them would place. Only a little black goat ran

ANTICIPATED . say anything against Signor Mus among the shattered houses bleat- CHUNGKING, Jan. 6 (Central> solint. Some of them hung their ing for its mother. The generals-To forestall the Japanese move heads and looked ashamed of and high star officers were no- of dominating the Shanghai In-Frenchmen sympathetic to General BHANGHAI, Jan. 6 (Reuter)--

themselves."

where to be found, although there ternational Settlement In the de Gaulle

have established ENTRY DESCRIBED

was a fully laid dinner table in coming Municipal Election, the branch organisation of this nature Mr. Dimbleby went on to des- their mess, Flags and a bronze authorities of the Shanghai Muni-in Shanghai, says the SHUNPAO.tallatory raids the Thai Air Force cribe his entry into Bardia itself, head of Signor Mussolini had been cipal Council have started pre-The Shanghal organisation has yesterday destroyed four French although he had been warned that left behind in solitary state.

parations for the event which is launched a publicity campaign and planes on the ground and set fuel anything might happen as there "This was Bardia-the much scheduled to take place in April will undertake expenses for French-stores on fire in the Nongsapbang were still some Italians about who boasted Bardia, the backbone of nexL denied in Sofia, according to a EIRE PROTEST might attack the party.

the Italians in Libya and

men who wish to go to London or area, according to a Japanesc re- the It is anticipated that the Jap London message.

MADRID, Jan. 6 (Reuter)Little

We set out in our small truck," cornerstone of Fasciam in Africa, anese will make a strong bid for take up any other assignment with port of a Thal High Command Messages reaching London from importance is attached in Berlin

communique. he said, "in rapidly gathering Yes, this was Bardia, with only a increased representation on the Free French fighting forces. America, however, which are unto the rept that a protest will darkness and guided by the leap little black goat running from Council in order to retrieve their

The report adds that French confirmed, announce that private

planes dropped 14 bombs on Laos ing flames from the town. As we house to house in the deserted failure u winning majority re- by Eire against the information has been received in alleged German bombing of "some

on the Thal border On approached the town, in the streets, bleating for its mother, presentation last year.

Jan. 4 causing no damage. New York that German troops will place in its territory," says the gathering gloom were groups of with no one listening to it. A Preparations for the éléction Admiral Nomura, the newly ap- march into Bulgaria shortly. Berlin correspondent of the news-officers and men of the Italian handful of men putting the final are now in the hands of the He-pointed Japanese. Ambassador to

It was stated that Bulgaria had paper ABC, and he adds that it is sured and they could have shot men who were defending the place while several high officials of the this morning following the com- China. He is going to Washington

garrison. They had not been cap- touches to the first action and the venue Department of the Council, the United States, left for Japan

tuitous and will have to be proved stated that the happening is for the whole lot of us if they had being led away towards British in Secretariat have also been assign-pletion of a tour of Korea, Man- from Japan at the end of this by a military investigation.

wanted to. But they did not. They ternment camps."

accepted an ultimatum presented

no Bunday,

them by Herr von Ribbentrop

be

made

led to assist in the matter.

the

SHANGHAI, Jan. 8 (Renter)----

chukuo and north and central month.