Banking circles are much upset by the prohibition of the Hongkong Government to the effect that people may not buy more than C.M$1,500 at one time in the absence of proof that such currency is necessary for bona fide business transactions, Chinese bankers and merchants consider that this is a restriction on trade and will shortly petition the authorities to rescind his measure.
Why this limitation is imposed is not exactly clear except that the Government does not want speculation in Chungking dollars, which fluctuated too often during the past several weeks. Another reason is that there has been some demand for Chinese dollars in Shanghai, where it is sold at a higher rate than in Hongkong. Stabilization of Chinese currency would be favourable to the National Government.
Many people in Hongkong in close touch with Chungking are able to manipulate the currency and make huge profits, Dealers and importers of Japanese goods in Hongkong are taken aback by the rigid prohibition of these commodities by the Chungshan county government. The new magistrate, Mr. Wu Fai, is obeying the order of Gen. Li Han-yun, Chairman of the Kuangtung Provincial Government. General Chang, long a follower of Mr. Sun Fo, President of the Legislative Yuan, is now in Hongkong on retirement, although he may take a flying trip to Chungking to see Mr. Sun. People in Chungshan used to buy many Japanese goods, as they are cheaper than those from Europe and America, Many local firms are doing well by shipping such imparts into free Kuangtung, while Chairman Li Han-yun is doing his best to enforce the boycott.
One has to guess at the German dispositions but it is probable that the winter distribution takes the following form:
Six ' divisions opposite northern Holland 25 near northern Belgium.
2) near southern Belgium and Luxemfacing. the Trench Army in the 15 facing the French Army in the Austria and Czecho-
Thus the main army faces the Low Countries, the south is defensively held, and the force on the Rhine
Text read from the printed page and cleaned; old type leaves the occasional error.