Interesting Collection is Displayed at Bankers'
Showing Forgers' Em e The Shanghai policeman as an admirable fellow, he said, "in the fact of danger and i could mot re-"For he's In these days of uncertainty which gives a golden opportunity to coun-[23 fake to flo Shanghai mar-money it is timely for Exchange Bankers Fellowship Club at 0 Ching Yuan Li, hold an exhibition of ime ied Peking Road near Road,
notes, both foreign and Chinese for the benefit of the public. More than 500 counterfeit notes were on display yesterday and the exhibition will for a week.
months ago having more than lub was formed son tasses members and although it aims primarily at promoting friendship and discussing monetary problems among hank assistants themselves they have it wise to hold the exhibition to render the public a useful service. Tt was learnt that members of the Club possess counterfeit notes representing a face value of more than which at present they have not found room enough for their exhibition. They will be exhibited later for the benefit of refugees.
The reporter was surprised yesterday to see many counterfeit foreign hank notes purporting to be issued thy such well known institutions as the Hongkong & Shanghai Banking Corporation and Chaftered Bank of India Australia and China. They were exhibited in a separate room together with many other counterfeit foreign notes some of which were not meant for local circulation, indicating the extensive operations of counterfeiters. Some of the notes are supposed to be in circulation in Singapore and Hongkong and on one kind of these notes the words "Government of Hongkong" are clearly printed.
There was fake Russian and German money on exhibition too but these counterfeit foreign notes were printed long ago. All the counter-felt foreign bank notes are of various tig denominations from $1 to $100 and most of them are so well printed that they may deceive the eyes of many.
One may just well study the history of the Chinese currency in the exhibition rooms for counterfeit notes printed between the dynasty period and the present-day China are there on display. There are counterfeit notes' purporting tos be issued by Practically all Chinese government banks existing today. Many of them look like genuine ones and for the benefit of visitors genuine ones cut in two halves showing both the front and back are exhibited near the counterfeit ones.
Admiral Yarnell has desig.ated July 25 as the day on which tne change of command will take place. The quarter-deck of the flagship wil be the scene of the impressive cere-many in which Admiral Yarnell will read his orders and turn over com. mand of the fleet to Admiral Hart who will read the orders making him Commander-in-Chief to the assembled staff and crew of the Augusta. Following this Admiral Yarnell's flag will be lowered and Admiral Hart's flag run up in jis place.
Upon assuming command of the Asiatic Fleet, Admiral Hart will immediately take the rank of fuh admiral, one of the only four full admirals in the U.S. Navy. The other theee four star admirals are the Chief of Naval Operations, the Commander-in-Chief U.S. Fleet and the Commander of the Battle Force, U.S. Fleet. ital Hart comes to Shanghai from Washington, D.C, where he was until recently Chairman of the General Board of the Navy Department. He was born in Davison, Michigan, on June 12, 1897. He entered the United States Naval Academy at Annapolis, Maryland. and was graduated in 1897.
Ensign in 1899
The Admiral received his commission as ensign in 1899 and thus began a career both long and honourable in the U.S. Navy, a career which leads him on June 25 to the rank of Admiral. He graduated from the Naval War College in 1923, the Army War College in 1924 and was commissioned Rear-Admiral in 1929.
He has seen considerable motion in his naval career and is the holder of the Distinguished Service Medal. He served in Cuban waters during the Spanish-American War and was Commander of Submarines in the waters of the Britisn Isles and the Azores in the World War. The Admiral is no stranger to the Far East, having commanded U.S.S. Beaver of the Asiatic Submarine Flotilla from 1920 to 1922. From 1922 until 1927 he was with the United States Fleet having command of U.S.S. Mississippi. He returned to submarines in 1929 and was commander of submarines of both Atlantic and Pacific fleets from 1929 until 1931
Text read from the printed page and cleaned; old type leaves the occasional error.