The Archive · 1940

Rice Shops in Canton Looted by Mobs

Canton, Jan. 12.

Ten rice shops were looted yester-ay afternoon during disorder caused by the currency situation.

The position created yesterday by the refusal of traders to accept Kwanglung currency, while national currency has been discounted 60 per cent. compared with the military yen, has not improved today. Only rice shops are accepting national our ency, after more than doubling their prices.

Opinion is expressed here that the crisis was engineered by the Chinese, prevent. national. currency falling into Japanese hands, so giving them means to purchase foreign exchange. "Reuter.

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

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