The Archive · 1939

N. China Currency Issue

Questioned on Great Britain's action regarding the introduction of the new Japanese currency regulations in North China, Mr. Butler answered that "appropriate representations" were being made to the Japanese Government, but he was unable to make a detailed statement at present.

At the same time, Reuter learns that the British, French and American Notes to Tokyo regarding the currency and other trade restrictions in North China were couched in vigorous language.

Business, it is understood, came to a standstill on the first day of the new regulations, and many Japanese concede the inconvenience and virtual impossibility of the situation No official reports of the resulting effects have been received but it is believed that the military authorities, who forced through the new arrangement will have to abandon their position sooner or later.—Reuter.

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

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