South China Very Resentful of Japanese Action: Boycott Continues: The Attitude of Canton From Ov Ows Hongkong, May 24.
Repercussions as a result of the Sino-Japanese troubles in Tsinan are still felt in Hongkong. Some Chinese are so hot-headed that throw stones at Japenese stores: damage the window panes. Jap: ese goods in this Colony and other parts of South Ching are generally: Doyeotted which represents a serious problem to Japanese mer: chants snd Chinese dealing in such Yore are hotly roused up by demagogues who want to stifle Japanese trade in those cities, Yen, Depreciates The yen in Hongkong has dropped ite wwalue, and its present rate is 400 yen to H.K.$88. Many Chinese Uepositors have withdrawn their accounts with local Japanese banks and placed them in British banks. The fall of the yen is part ly due to their release by speculators who fear its value will further ports, the Chinese in Hongkong and South China yead only the Chinese version of the Tsinan affair and are quite hostile to Japan. The only exception is the Cfinese Chamber of Commerce which has remained rather calm and indifferent because its _mombers ure mostly well-to-do Dusiness men aug think they are nct fu any way involved in this matter. The Chamber has received several "indignant" letters from local Chi: next Who expressed their resentment against the Japanese action in Shantung and requested the Cham-her to take action. Some of the letters wre written by over excited decline if Chinese-Japanese entanglements become worse, according to a well known Chinese ba He further explained that the tenance of Japanese troops tung costs an enormous amount of money, and that the Japanese zov~ ernment has to convert yen into Chinese dollars for the support of their soldiers on El tritors. 'All this will result in over-selling of yen and large purchases of Chinese dollars, accounting for the tion of Japanese money' kong and China in general.
Text read from the printed page and cleaned; old type leaves the occasional error.