Another new development of the Japanese Currency question has recently come to hand, and residents in Shanghai desirous of purchasing yen locally would be well-advised to bear it in mind. Yen notes have been selling comparatively cheaply in Shanghai and some people have bought them, and have taken them to Japan hoping to make a profit out of the transaction, er at least have @ cheaper holiday than would otherwise be the case. Some of the purchasers, though not aW of hem, have been "stung." Amongst these notes there is a considerable proportion which bear a military surcharge, making them available only in Shanghai, and the banks in Japan have been refusing to accept them. They have consequently to be brought back to Shanghai and the best made of a bad job! It is mot every foreigner who can easily distinguish a military surcharge on a Yen note; even if he noticed one, he would in all probability not know what it was, and the only advice which it is possible to give to those hoping to have a holiday on the cheap by this means is the same as that given years ago by "Punch" to those about be married. This is not the only queer feature about Japanese paper currency. This journal is informed that the Bank of Chosen fas refused to exchange its own notes for Bank of Japan notes, even at a discount, despite the fact that the notes bear a promise to pay in gold or Bank of Japan notes. There are, of course, reasons for these strange developments in connection with the Japanese motes, but most of them are "wrapt in mystery" and the only protection which intending travellers io Japan can hope to secure for themselves seems to be to buy their currency when they arrive in that country. That may prove a little more expensive, but, on the face of things, these are ys in which it is better to be safe than England's Test Team The absence of a result from the first two Test matches between England and. Australia would seem to show that there is little to choose between the two teams, for though Australia had to fight hard for a draw on both occasions, it should not be forgotten that the luck of the toss—no inconsiderable a feature in dribket—went against them. The thirteen players tentatively selected for England's eleven io meet Australia at Manchester on Friday seem to have been chosen with a view to getting some result for the third Test. K. Farnes has been dropped in favour of his team-mate in the Essex side, Nichols. This should strengthen the batting power of the the English side without greatly Weakening the fast bowli since Nichols has been doing extremely wel with the ball recently. Wellard also goes out, as was generally expected. His place may be taken either
Text read from the printed page and cleaned; old type leaves the occasional error.