The excellent collaboration with the agreement made with the foreign banking houses, the Japanese Jbanks closed their doors to business fon May 6. They also displayed Iumtnations, and the Union Jack, in a way A certain section of the Japanes community saw in this, however, a slight on their own ruler, H.IJM. Emperor Hirohito. Tt will be recall-Jed that the banks did not close on the occasion of the Emperor's birth-Jday on April 29. This has been regarded as discrimination by certain Japanese, who administered a sharp rebuke on the Japanese banks, alleging lose majesty. Tt was brought their attention that foreign banks Ihave ce-operated for many years with regard to bank holidays, as it was found much to confusing for leach group of banks to observe its ional holidays, which did not coincide with others. "The answer of the recalcitrant Japanese group was to the effect that it should be arranged for all foreign banks to close Jon the Emperor's birthday henceforth, On Friday a leading local Japanese faaily, commenting editorially on the rebuke to the Japanese banks, in its urn rebuked those who objected the Japanese collaboration in the Jubilee festivities, pointing out to its readers that this Jubilee was in every Jsense of the word a special occasion, Jand that it was fitting for Japaneee fo honour it, if only. for the close ciendship which has existed between the British and the Japanese through many years. The paper went on point out that British banks dri JShanghal do not close on the beca~ sion of the King's birthday on June and that it was, therefore, unreasonable to expect them to agree to close on the Emperor's: birthday,
Text read from the printed page and cleaned; old type leaves the occasional error.