Nagasaki, Nov. 13. two German freighters, the Elsa Esiberger, 6100 tong, andthe Anne= Tiese Essberiter, 6173 tone, successfully Slipped out of Nogasak! harbour after evading. detection by. warships and ftisappeored Into the' darkness on 8 face for an unknows destination on Saturday night, t was reported today.
'The vessels previously tried unsuecanfully to evade warships since. the Sutbreak of the war. Originally they vere bound for Rotterdam. With Full' cargoes of soya" beans from Sclshin, "Korea, they arrived. Nogasnit some time ago to awalt an Regulated Toky9, Nov. 13.
'A new temporary agreement for the determination of " yen-sterling rates has been adopted by Japanese banks dealing in foreign exchange.
The main points of the agreement, which came Into effect yesterday, are a8. follow:
1, Telegraphic transfer of the buying rate on London will hereafter be pence higher than the prevailing rate, 2. Forward solling rates will be xed on the basis of the previous day's closing quotations on New York on the three-month forward position, with "specified variations from the Spot rate: In this case, fractions of ess than 3 shall be disregarded. The closing dollar-sterling rate in New York on the three-month forward position will be determined according {o daily cable reports to the Yoko-bhamo Specie Bank from its New York correspondent. In the event of a holiday in New York closing the market, or disturbances to wireless {aeilities making it impossible to receive the report, the rate will "be Setermined on the basis of the latest cable, '3. Forward buying rates will be determined on the basis of the telegraphic transfer of the selling rate of the day of their respective deliveries, with the same rate of variaion as' from the spot rate, "Z. When forward rates are not quoted in New York, or in case deemed inappropriate to fx rates fon the basis of the aforementioned methods, they" will' be determined otherwise with the approval of the Finance Ministry.
case of foreign exchange contracts "whose positions are not clarified, the foregoing provisions ill be applied: in the case of selling rates, the first day of the provisionally contracted month of delivery will be' recognized as the delivery" day: and, in the ease of buying rates, the last' day of the provisionally con-month will be recognized as the settlement day.
Since an essential feature of the new agreement is the difference bo-tween the telegraphic transfer of selling and buying, the rates will be Droadened in order to minimize the dimeulty now being experienced by the banks in covering, owing to the recent wide fluctuations of the New York/London cross rale.
Is expected that the new arrangement will be somewhat disadvantazeus to exporters, but bankers point Out that the agreement is not per~ manent and will be suspended as soon as the dollar/sterling rate in New York settles down to normal—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.