We have also had some real blackout exercises. Whether they were instituted because of a genuine fear of an attack by Chinese planes or merely in order to show that Peiping has become a really modern civilized city, is not clear. These exerci nets will, no doubt, be able to force the new currency on the market in the long run. And, indeed, the Japanese military authorities have been bringing tremendous pressure to bear on Chinese banks here to fall in with their financial schemes and to put up credits for the new bank. Several prominent Chinese bankers here and in Tientsin have thought it prudent to withdraw in face of Japanese threats, but the others have had to carry out Japanese instructions, no matter what ill effects the new regulations may have
Text read from the printed page and cleaned; old type leaves the occasional error.