The Archive · 1914

Redemption of Treasury Bills

Some days ago, the Chinese General Chamber of Commerce re ceived an order from the Sliuistry of Finance, stating that with respect to the treasury bills issued Ly the Military Government of Shanghai upon the establishment of the Republic to the amount. of $3,000,000, half of which had been repaid, the balance for redemption on December 31 will amount to 1,500,000; but as the Ministry is depleted of funds, it is proposed to repay $500,000 only and pay the interest on the whole amount, leaving $1,000,000 to be changed into deposit receipte signed by the Bank of China, bearing the same rate of interest, namely, 7 per cent. per annum, and to be redeemable ceeded separately at the end of June and December, 1915.

The Chamber had called together the bill-holders and represented to flem the proposal of the Govern.

Text read from the printed page and cleaned; old type leaves the occasional error.

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