Asked whether the Japanese agreed with the Nanking "Reformed Gov. conment's" statement that the Chung king currency was not sound, the spokesman said that no confidence can be placed in the Chungking Government and that therefore ite currency could not be called sound.
'A. correspondent then pointed out that he understood that foreign Danks here will only recognize the Tegal tender of the Chungking Government with which their respec-[tive countries uphold diplomatic relations, The spokesman said. that did not think that this would in any way hemper the new currency.
Asked whether the new Govern mont bank had credit faclit New York and London, the spokes man refused {0 answer the question, "Consequently" a correspondent stated, "there can be only one reason for the establishment of this new namely to permit the 'Reformed Government' to place a monopoly on exports." "There sno intention of this sort for the time being."
Text read from the printed page and cleaned; old type leaves the occasional error.