The Archive · 1941

Well-Timed

The Shenghai branches of the Far mers Bunk of China and those of the Central Bank of China will henceforth do business in Avenue Road and Burkil] Road, near Bubbling Well Road respectively. tu other. words, customers of these two. banks will come into the Settlement or rather the American sector if they want to continue their relations with these two Institutions, Al branches of the Bank of China and Bank of Com-cations in both foreign areas resummed business yesterday. Tt will be recalled that atime bomb was dix-covered in the Avenue Road bank ofliess during the. recent of terrorism, but it did not explode owing 10. timely but Burkeit Road emees" were badly damaged when another time bom ploded. causing many casualties.

The reopening of the governmen banks was timed with "the April settlement between mevehinite Jand native banks, Tomorrow will be the last day on which the native banks here will clear up accounts during the past four months during, short-term and lungeterm were granted to all kinds of 'A-sum_ of $90,000,000 was ave been involved and informed Chines that the reopening of the mmnient banks had enabled many ierehanty to tide over the financial crisis with he Shanghai Branch of the Cen twat Bunk" of China continued its quotation of the oficial forcixn change rate which has not been feds and Ht was stated in the Chinere press that the bank Would continue qiving support to the bluck exchange market in Shanghi to enable foreigners tot ciently. Favourable wds the reopening of the by expected by Chinese vin Sesterday. Tt was said that the Situation in "the "various market would improve. It was recalled that, the banks. would close temporarily, the Settlement authorities served notices to the view und other "markets here requiring them not to increase. their prices nolod on April 16. "The order was not atrially followed, S.M.P. Object to Armed Nanking Men in Ballroom Shanghai, Apr. 24 What might have turned into ugly "incident was ironed out speedy negotiations at the Paramount Ballroom on Tuesday afternoon, when the S.M.P, objected. to presence of armed' members of "the Western Shanghai Area Special Police Force and Peace Preservation Corps, who were on the premises during the wedding festival of Ge Lee of the hatter force, The WS, AS.P, were removed after the officials" had communicated with Mr, J. B, Clissold, Deputy Commis sioner' of the Force, while negotia-vith Japanese gendarmerie n the withdrawal of the irmed_men of the Peace Preserv tion Corps, The armed men were first seen to enter the Ballroom at 3pm, and it was not until 430 pam, tat they had left,

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

Your account