The Archive · 1938

Commodity Prices Affected

Needless to "mention, commodity prices have been unfavourably affect-the monetary situation—$1 no more than seven catties of medium-grade rice, whereas a few months ago nine catties could be secured for the same price. All imported merchandise is dearer, although purely native goods have not been marked up in price to such an extent, but they too have shown a distinct tendency to advance.

The Japanese have been given to premature boasting. Shortly after the war opened, an official spokesman predicted that little would-be seen of Chinese planes, as already the bulk of them had been shot down. In the last big dogfight in northern Kwangtung the Chinese and named the pi; nese planes had fallen, making it appear thet half of the invading force had been destroyed.

People living in Shameen saw the big fest of 44 bombers and pursuit planes that came into Canton from the north on May 10. There are Russian pilots, many of them in their Chinese uniforms, manly, and most efficient looking fellows. There was one skirmish with the enemy, when they showed the Russians their heels or rather their rudders, and then the fleet had to go to Amoy to settle scores with the Japanese,

Text read from the printed page and cleaned; old type leaves the occasional error.

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