The Archive · 1939

Government Buys Tea, Wool

As a relief measure for merchants in the interior the Ministries are reported to be planning to buy the goods which are forbidden to be sent to Shanghai. It is pointed out that the Central Trust Bureau has bought the wood oil in Chekiang and any tea produced in Chekiang will be purchased by the Foreign Trade Bureau. tion of robbing. He was acquainted with Lu when he was on duty near his uncle's shop as a constable. Lu asked him to go to his (Lu) uncle's home to borrow money but when the negotiations were proceeding a police came and he was arrested together with two other men, Hongkew May Use Yen As Legal Tender Japanese yen will become legal tender in Hongkew after April, if a plan introduced by Mr. Masusaburo Amano; President of the Japanese Residents' Corporation, is passed, declared the "Tairiku Shimpo" yesterday.

Staking his official position as "Mayor of Little Tokyo" on the outcome of the "currency bill" Mr, Amano declared that the adoption of the Japanese yen in the area north of Soochow Creek was "an indispensable factor for the reconstruction and prosperity of Shanghai," according to the daily.

Indications are that the bill will be approved by the cotton mill owners faction this time, Mr. Amano believes.

Corporation' officials are also eager to have the bill adopted, as under the How the new order will affect Shanghai in the long run is im-Lossible to forecast at present. It has caused quite a stir among local cotton merchants and mill owners.

Informed quarters believe that other merchants may also be affected and prices of goods mentioned in the embargo list will increase.

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

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