However, the quick development of the areas in China for which Japan has now assumed responsibility certain to require more capital than this country possibly can pro-ide. The effort to acquire part of his through increased exports expected therefore to be intensified, Int, Kodama expressed confidence that " the prosont exchange rate of the yen could be maintained without diMeulty. Commenting on the slump Ju the yen In occupied areas China, "where the rate recently has been around 17 U.S. cents compared with the official rate of around 27 US. cents maintained here, Mr. Kodama said the yen now circulate Ing in China gradually would be withdrawn, whereupon' the present disparity. disappear.—United would Press British Ship Freed By Japanese Police Tokyo, Nov. 2.
The British freighter Antigone (4545 tons), the master of which, Captain Beddie MeDonald Stephen, Hot into trouble with the Japanese police because his ship grounded in, 4 fortified zone during "a fog, was allowed to sail from Yokohama this evening. The police gave Capt. Stephen permission to sail for Kobe after he had agreed to sign a promise pay Y.,750 compensation for lieged to have been suffered by MAshing "nels and shellfish beds when the ship went off its course and grounded near Futtsul, in Chiba Prefecture, on Saturday" morning. nite vessel was redaated an hour later by its own power and arrived in Yokohana the same morning, since when Capt. Stephen, who appears to Inve been suspected of deliberate violation of the Military. Secrets Protection Law, has been subjected to 2 gruelling' examination.
At the time of the ae lent the ship wou en route to Yokohama from Makatia, in the South Seas, with a cargo of phosphorous—Reuter, New War Notes for Central China Tokyo, Nov. 2 The circulation of war notes in South and Central China with the exception of Shanghai, in the place of the Bank of Japan notes which have hitherto been used in Japanese occupied regions, was enforced on November 1, according to the special correspondent of the "Shanghai Nichi Nichi."
This step was taken by the Japanese Finance Ministry, after consulta-ion with the fighting services, in view of the lack of sufficient banking facilities to meet the rapid economic development, rehabilitation and exploitation of natural resources in South and Central China as compared, with the smooth progress of the political reconstruction of these places following the fall of the Wuhan dis-twier and Canton into Japanese hands, The correspondent stated that the finance Ministry had issued the following notification through Japanese banks on the spai:
(1) In Central China, except Shang-hal, Japanese bank notes will be re~ placed by the new war notes; Those who desire to purchase goods, in Japanese occupied' regions should change their bank notes into war notes in Shanghai or in the Jap-Janese banks on the spot; and (3) War notes may be. changed Into bank notes by obtaining permission from the resident ancial commissioner of the Finance Ministry.
It was understood that war notes, estimated at present to the extent of '¥,30,000,000, have been circulated Central' China—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.