Plot to Flood Shanghai with Bad Bills; Two Presses Founded: Nine Arrested An audacious plot to flood Shang-hal with counterfeit Bank-notes was nipped inthe bud on May 27 the Shanghai Municipal Police fin (we raids resulting In the seizure of printing presses and their pro-Guets and the arrest of nine men and women suspects y0-cent_bank-notes. Some $350 in [completed five and ten dollar notes wus seized, as well as a large amount fof, half-nished bills. Tt was evid~ fent that the operators of the counter~ felt plant were trying to perfect a majority of their plates when the raid was made, The raids were conducted by men'= bers of Crime Branch Headquarters, who were assisted, In one instance. by detectives attached to the Shang-al-Woosung Garrison Command, Those arrested were two Japanese, three Koreans and four Chinese.
The plot which has been thwarted is reminiscent of similar schemes unearthed In recent months in Hopel, Involving Japanese subjects. the Hopei cases, national bank cur-Feney was counterfeited, 'A Japanese man and woman, two Korean men and one Korean woman, land two Chinese men were arrested, Several carloads of equipment jand. materials were taken to Police Headquarters during the morning and carly afternoon, including the press rolling machine, an expe larging camera," more than. 70 bottles of chemicals, "some twenty Une of printing ink of various colours, Temps, bellows and electrical equlpment, Jabels and many other per-
In Chinese Territory Chinese territory had been chosen by the gang for their headquarters, the plant being Installed at 63 Connaught Road, an address not far distant from the China General Omnibus Company depot. The to tinting presses had been set up in Chinese house which had been rented by Chinese some three monthe 20. Several days ago the Settle. ment Police picked up the scent of the counterfeiters and established a watch on the premises. Finally, on May 27 they surrounded the place and raided it It fy a certainty that none of the: bogus" money produced had been placed in circulation, as the state of the enterprise, when raided, was still experimental alized plant, with experts working fat high speed to perfect the three national bank of China, Bank of " Communications fund the Central Bank of China—was the insidious instrument made harm. less by the police.
Text read from the printed page and cleaned; old type leaves the occasional error.