The Archive · 1926

Currency Debasing at Chefoo

Threat to Flood the Market with Military Notes Chefoo, Mar. 13.

Some consternation is felt in Ghefoo at the reports that on March 15 a large quantity of. military notes will be put into circulation, Te is rumoured that $8,000,000 worth of these notes have been printed in Tsinanfo, but up to the present Ghefoo has been free of this issue although it is understood that $300, 000 worth have been put into eitculation in Tsingtao.

During the last three months! there have been approximately 2,000 troops in Chefoo belonging to General Pi Shot-chen. and the local Ghinese Chamber of Commerce has with funds, aes on responsible for supplying them The prospect of military notes being put "into circulation has increased the price of produce and

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

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