Peiping, Dec, 5.
The establishment of the projected Central Government under Mr. Wang Ching-wei will not affect the status of Federal Reserve bank notes, declares the Tientsin "Yung Pao The journal says that lately there have been rumours to the effect that with the establishment of Mr. Wang's central administration, Federal Reserve notes will go out of circulation and old legal tender notes (notes issued by the Bank of China. Bank of Communications and the Central Bank of China of the Chungking Government) will be restored to their former position.
The paper adds that the "local authorities in North China are paying very little attention to such rumours, as the Federal Reserve currency will continue to be the sole circulating medium in this region following the inauguration of the new central régime."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.