Into Circulation; Another Issue Printed The Shanghai Branch of the Central Bank of China is expected to circulate the newly printed second issue of another $500,000 one-cent and five-cent notes commencing today to relieve the shortage of small money in Shanghai. The first issue of the same amount of the same notes was circulated many weeks ago but it was not enough to meet the demand. The third issue is reported to have been printed.
Only big firms and banks are allowed to obtain the new notes from the bank direct so as to prevent hoarding by small merchants and exchange shops.
The Chinese press have published many reports warning people against keeping the new notes at their homes because that fact accounted for the existing shortage despite the fact that the firs? issue of the notes is already in the market, It is also reported that the Minis'ry of Finance does not allow the issuance of private cent notes or tokens but it would appear that the situation would depend much on the demand of after the circulation of the second issue of the cent notes. Already one report states that banks are experiencing difficulties in obtaining as many new cent notes as they want it being asserted that the $1,000 or $2,000 new cent notes they will obtain this time will not be enough for distribution.
The shortage of the 10-cent and 20-cent notes is still acute. The dollar is still worth only 95 cents when purchasing say 10 cents of goods from a Chinese shop.
If you the buy less than 10 or even 20 cents worth of goods the dollar returned. A $5 note is worth $4.90 in exchange for five $1 notes or the purchase of a few cents worth of goods, The Shanghai Bankers Association, Shanghai Native Bankers Association Britain Not Permitting Reich Arms to Japan London, Dec. 7. It was authoritatively stated here last night that an American news agency message, alleged to have originated from London, published it Shanghai on December 5, and repeated by the Chungking radio, that the British Government had decided to avoid depriving Japan of shipments of arms and munitions from Germany, is entirely without foundation. No such decision has een
Text read from the printed page and cleaned; old type leaves the occasional error.