Chungking, Mar. 2.
The Central Bank, under ihstructions from the Ministry of Finance, S111 aserpe will resume buying and selling of foreign exchange to meet legitimate requirements, it was officially announced last night, Since, applications were previously approved for purchase of foreign exchange in Shanghai and Hongkong, the new ruling will make foreign exchange available to the public in the interior of China at both official and commercial rates.
There is considerable conjecture regarding the motive behind the official announcement. The full text of the statement follows: 5 "It. is; authoritatively learned that Sigge EA igiigi the Government is intending to in-facilities of the exchange
Si "It may be recalled that since the Government moved to Chungking
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pear in the market and will contribute a further stabilizing factory towards maintenance of fapi as a wwhole."—Reuter, Since the wording of the official statement is 30 vague it is impossible to ascertain the motive behind the
BEerecbig gontes cee Bs, 5 BRE Howe sap peep oucoweg mop eceamenmp erp Rap can Washington, Mar. 2. T= role Japan is to Blay in world affairs of the future depends largely on the success of its Axis partner, Germany, according to Dr. William C. Johnstone, Professor of Political Science of George Washington University.
Speaking at the recent "Pan American Conference" held here under the auspices of the Inter-American centre of George Washington University, Dr. Johnstone minimized the extent of Japan's trade "penetration" in Latin America. But he indicated that the future might be different.
"There is no real economic penetration of Japan in Latin America," he said, and added that the United States "need have no worry about Japanese trade competition, but we must not forget that Japanese and German policies are, for the present, closely bound up together, The success of Japan's 'New Order in Asia' is large-dependent now on the -success or failure of Germany's 'New Order in Europe,' It is this political connection of Germany and Japan that needs watching. It is this connection which is of most significance in Latin America and of utmost importance to the United States."
Text read from the printed page and cleaned; old type leaves the occasional error.