Ca, state: The market is still affected by the jolent Muctuations of the exchange, not however in a rect degree, That is to say, the price cannot be dope upon to £0) with each move-depreciation, oF The position market keeps unsetih Reporting from London on August 20, Messrs. Samuel Montagu & Ca. state:
The Bank of England gold reserve against its note issue on the 18th instant amounted to £126,488,- 585, as compared with £126488,250 fon the previous Wednesday. Only a emall quantity of gold was available here this week and it was not. sufficient to fill all orders for the Far East.
The following figures chow the United Kingdom imports and exports of gold during the month of Imports Exports Possessions in the Indian Seas United States... Central America aid West Indies Various South Am Rhodesia Straits. Settlements Other countries Total The "Times of India," under date of the 26th ultimo, states:—"The Indian Mining Federation, who consider the rise in sterling' exchange 'a distinctly menacing factor to the Indian coal tr de, have written to the Government of India that the situation calls for immedi ..+. Whilst the general opi Bombay is that exchange should be stabilized at 1s, 4d, gold, the Mining Federation goes further and wants it at 1s. 4d. sterling." Tu connexion with the above, Sir Purshotamdas Thakurdas, of the Indian Legislative Council, has given notice of two important Bills aiming at the rever= sion of the exchange ratio to the old standard of Re, 15 to the sovereign, The grounds for the proposed alteration of the law are set out as fol low The Indian Coinage Act (1906)
was amended in 1920 in pursuance of the policy recommended by the that the 5 Curveney and Exchange Committe the and it was declared that the sover-
Marshal Chang Tso-lin for finaneing the northern expedition which Dr. Sun has been attempting for several years. Kuomintang circles opposed to Dr. Sun express the opinion. They hold that the Appointment of Mr. Hu Han-ming tux neting Generalissimo has brought about a split in the Kuomintang, the younger men declining to associate themselves with Hu Han-ming, who is an extremist and who a vald to be responsible for some of the worst mistakes made by Dr. San, who trusts him implicitly.
'The fact that General Li Liehchun leaves Canton at this time ix taken as an indication of his refusal to assist Dr. Sun in his present venture, and it is believed by many that without the counsel, if not active participation of Li' Lich-chun, the Canton forces can effect very little, It is regarded as significant that General Li, whose ambition to. become the Tuchun and Civi Governor of Kiangsi, is not taking advantage of the present situation {to load a force into his native province.
There can be no question but that Dr. Sun now has the support of General Tang Chi-yao, Tuchun of Yannan. Tang."Chi-yao now controls Yunnan and Kueichow, but is not without ambitions in Szechuan. He has made his peace with Canton after an enmity which arose out of Dr. Sun's support of his treacherous general who effected his elimination from Yunnan for a year. Tang Chi-yao's brother is now in Shanghai in communication with Marshal "Lu Yung-hsiang.
Text read from the printed page and cleaned; old type leaves the occasional error.