Balance brought forward Shanghai, Jan. 1 The purchasing power of the Sir Victor Sassoon Gives Views of Probable Shangha! dollar was reduced by 4451 per cent. in December against 43.17 Navigation Go." Utd. Orient Developments of War; Japan Being Deceived er cent. in the preceding month and Print, Colour & Varnish Go. 12.65 per cent. in December, 1939, ac-Shanghai, Jan. 1. cording to an index of the cost of Tiving of foreign salaries employees ERMANY and Italy are trying their best to make Japan fight for December, just issued by the the United States because i it is all to their advantage and Shanghai Municipal Council. it is more than likely that the German raider, which had a Japanese Of the general Indices the increase name and carried a Japanese flag, was intended to cause an was heaviest in the ease of the Rus-incident. Germany ill not allow anything to happen in the sian index followed by other nation. Balkans where she will look for food supplies for the coming alities, British and American and of the group indices, the increase was year. There is little doubt that any invasion of Britain will be heaviest in the case of food, followed repulsed, but Germany will try.
Shanghai can never be beaten by heat, clothing and rent groups Fe and it is to Japan's advantage to keep it neutral, even should during the year. she fight the United States.
'These aren few interesting conclusions drawn by Sir Vielor Sassoon, who, during: his recent absence from the' city, has interviewed ox-peris on many' subjects, He express-his opinions during a press. Interview yesterday, however, that neither the United States nor' Japan wanted to Right, despite the fact that Germany wished to see them involved in a war, Japan would become Ber-Tin's cat's paw if she fought, Sir Vie-or believed, but if Berlin' declared war on the United States, Japan would hesitate to extend help. "With Singapore, India, Honglong and other places placed ai the disposal of the 'United States, Japan would be dead far as the' supply of iron and steel and her foreign trade were concerned, he said, 'People in India (not politicians) where he visiled recently, think that Britain must win the war, for Indians and peoples from many parts of the world Including the Chinese and 'Malayans, are represented on a com mittee in' India the purpose of which (0. supply almost. everything for carrying'on the war, which Sir Vie for thinks will last over two years. Sir Victor has confidence in the RAP, saying that it has beller machines, pilots and training. The situation is different from the World War when many British airmen had to be lost in enemy territory.
"Among other things he sald:—
Text read from the printed page and cleaned; old type leaves the occasional error.