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SCMP Reporter

Germany not an enemy

Hongkong (Jan 10): Germany shall for all purposes of the Trading with the Enemy Ordinance cease to be treated as if it were enemy territory, states an Order announced in the Government Gazette.

For the purpose of this Order 'Germany' means territory comprised in the German State on March 1, 1938, the Gazette adds.

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Shadow talks

Tokyo (Jan 8): Official sources to-day confirmed Press reports that the Japanese governments plans to start talks shortly with the British Government and the Bank of England for the abolition of Sterling 'shadow accounts' in Japan.

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Banking sources said Sterling 'shadow accounts' are Sterling accounts which major foreign banks in Japan are allowed to keep here on behalf of the Japanese Ministry of Finance, supplementary to formal accounts they have in London.

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