The Archive · 1924

Chinese Bank Boycott

According to the Chinese Press, the Chinese Banking Association and the Native Banks' Guild have Passed-a resolution to the effect that their members shall not purchase bullion silver for the Anking (capital of Anhui) Mint. They consider this is the only effective way to prevent the coining of more dollars of an inferior quality.

The Ministry of Finance, in a telegram dated June 20, informed the two Associations that an official yestgator had been appointed to proceed to Anhui to find out facts; that the matter would be dealt after a report had been rec and that the Shuiwuchu had been asked to instruct all the Customs. stations to detain all materials, in-eludes and copper, as well as coins, shipped to and from the said Mint on and after June 22, 1924, until further orders.

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

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