FURTHER MOVE

Wanganui Chronicle, Volume 79, Issue 125, 28 May 1936, Page 7

FURTHER MOVE

Japan in North China INDEPENDENT CURRENCY ANNEXATION PROBABLE (By Telegraph—Pre.is Association Ccpyr:ght| LONDON, May 26. The Sun-Herald news agency sayi that Japan has taken the first overt step towards creating an independent currency in North China by making the Bank of Hopei the sole bank of issue in Hopei and Chahar. It is believed that Chinese Central Government notes will be ousted, paving the way for the yen linking North China with Manchukuo. Aleanwhile the Japanese 'ire .eported be mobilising the mightiest war machine they have ever established in Chinese territory in connection with the probable annexation of the five northern provinces. Four transports conveying a large body of Japanese cavalry and infantry will reach China on May 29. Japan’s troops in North China will then be trebled. The Chinese authorities fear an open campaign for the annexation of Hope;, Shantung, Chahar, Shansi, and Suiyan te Manch’ikao. enabling Japan to restore the Emperor of Manchukuo to the Imperial Palace at Peking, and vwhere he would ruie a vast territory from the Yellow River to the Siberian frontier under Japanese tutelage. In November last Yiug Ju-keng, Administrator of the demilitarised zone in East. Hopei, who was educated in Japan and married the sister of an eminent Japanese military proclaimed an anti-Communist autonomous Government declaring that he stood for the “rescue” of China, opposed Nanking’s currency polity, and won id closely cooperate with Japan. In Peking, scholars and others circulated a telegram opposing North Chinese autonomy and messages from Tientsin stated that martial law had been proclaimed fol lowing the seizure of a number of pub lie buildings, including the municipa offices, ponce headquarters, and ti’e of (ices of the Peking-Mukden railway bv demonstrators in favour of such Chinese autonomy.