China reveals new rates list
Tokyo (Dec 6): Peking Radio to-night broadcast a new list of exchange rates between the Communist Chinese currency and a number of other currencies, including the Hongkong dollar, the British pound, the Australian pound and Indian, Pakistani and Burmese currencies.
In all cases the Chinese currency was depreciated. But the rate against the American dollar, according to the broadcast, remained the same.
Scam broken
Singapore (Dec 5): A highly organised counterfeit ring responsible for the circulation of counterfeit Indonesian notes throughout Malaya and Indonesia has been smashed by Singapore police with the co-operation from the Indonesian authorities, it was revealed by an Indonesian Government official to-day.
He said investigations proved that Singapore was the centre of supplying counterfeit currency which before the war came from China.
Reds ousted