London, May 1.
"Two circumstances which have served to increase the reluctance of the population in North China to accept the Yuan have been the virtual stabilization of the exchange value of the old China dollar at eight pence, thanks tothe exchange credits Which have been raised, and secondly that the signs of the course of the military campaign is becoming more favourable to China," the "Financial Times" stated here today, commenting on the drop in the value of the Federal Reserve Bank currency in North China.
"It will now remain to be seen whether the Japanese authorities will press on with their currency plan, which certainly seems to be turning out to their disadvantage since the Yuan is supposed tó be linked with the Yen," the paper added—Havas.
Text read from the printed page and cleaned; old type leaves the occasional error.