"Phe Times" Coniments on Federal Reserve Bank d taxes in the amount of $4,575,412 reduction in ase income as related to the previous resulting from the inclusion in ne. of foreign exchange amount of $3,561,479 as red with foreign exchange pro-13,998. in 1997, as explained o the statement of con-accounts. A portion portion of the year on financing and at time on the Ten-Year 4% tible Debentures due y 1, 1939 outstanding prior to payment The foreign London, May 1.
The attempt by the Japanese authorities in North China to supplant the old Chinese currency with the Japanese Yuan is not proving very successful, says "The Times" in iis city notes today.
it now remains to be seen, the journal says, whether the Japanese authorities will press on with the plan, Which certainly seems to be turning out to their disadvantage, since the Yuan is supposea to be linked up with the Yen.
It is not freely interchangeable with the Yen, "The Times" continues, and cannot be imported into Japan. Nevertheless, the journal odds, it has always been understood that the Japanese intention was to give North China territories a currency which would have a fixed exchange rate with the Yen.—Reuter. most foreign currencies as U. S. dollar and re-alnly unrealized exchange arising from the translation of an increased volume during and sales by manufacturing and liaries reached the highest history of the Corporafitineing as reported m the Letter ihe Corporation's programme chinese dated Decemoer 15, 1938 been completed.
ber of shares of capital at December 31, same as at Decem-namely 6,399,002 shares.
Text read from the printed page and cleaned; old type leaves the occasional error.