The Archive · 1939

Currency Situation

He emphasizes, however, that with the war entering its third year, the hardships suffered by the Chinese in Shanghai are bound to increase; but he assures the Shanghai Chines the day of our final victory er every day."

"The Generalissimo states that he fully -appreciates the fact that the Japanese are applying pressure upon the Shanghai Chinese, both politioally and economically; but be declares that the responsibilities of the Chi-nose in Shanghai are therefore becoming heavier, "There are only two" roads open to us—surrender and slavery or sistance and victory," the Gen {gsimo declares. "There Is only one road—the road of resistance—which every patriotic, self-respecting Chinese. must. follow.

Referring to the currency: situation in Shanghai, General Chiang emphasized that present conditions ca rot affect the position of the euro rency. He points out that China ts self-sumelont as regards daily necessities; and that the Chinese national resources are so tremendous that the Chinese currency has unlimited re-

So long as the Chinese have faith in-an ultimate Chinese victory, there is a great future for the country. Your "faith in the currency," the Generalissimo states, "can never be shaken."

After assuring the Shanghai Chi nese that the Chinese Government has carefully devised means of m ing the economic situation, General Chiang calls upon them to support the currency, stating that to support the currency is to be loyal to the Government, He reminds the Shanghai Chinese of their responsibility. to defend the Chinese "economic fortress."—Reuter, Rain Mars Chungking Programme Chungking, Aug. 13.

'A heavy thunderstorm' last nigh and intermittent rain this morning marred the commemoration today of the second anniversary of the outbreak of the Sino-Japanese hostilities at Shanghai, The rain made impossible air mass meetings, parades, demonstrations and theatrical perfor-

The bad weather was welcome to Chungking's Inhabitants, who believed it would prevent a large-scale "anniversary" bombing of the city.

vigorous denunciation of Mr. Wang Ching-wei, deposed Deputy Gen. Chiang Appeals'

Chinese Gentry Chungking, Aug. 12.

An earnest appeal. to "the elder gentry and educational leaders throughout the country was made today by General Chiang Kai-shek, who requested them, firstly, to lead the populace in "spiritual mobiliza~ tion," and, secondly, to assist local governments in Improving local administrations.

The Generalissimo expressed grati-cation that after his appeal January 19, he had received favour able reports from various parts of the country. of the valuable assistance ort gi elder entry und Wiucattonal leaders, parti fu connection with "conscription, In this connection, many elder gentry and educational leaders are said to have sent their sons to join the army to set an example to the local populace—Reuter.

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

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