The Archive · 1927

Run on Central Bank

Crowds Endeavouring to Cash Heavily Depreciated Notes Hankow, May 19.

This morning crowds of people thronged to the Central Bank of China" demanding cash for the bank's paper money, but the Bank Jelosed its doors. The crowds were dispersed by soldiers who were posted in the building.

The value of the notes of the Central Bank is depreciated to such an extent that the notes do not pass current.

The Bank has reserve fonds to the amount of $6,000,000 and the amount of notes now in circulation in Hupeh alone is estimated at Chinese people still continue to move to places of safety, while barbed, wire entanglements have been erected at important places in the French Concession.

As the city is so agitated, propaganda corps are endeavouring to culated by reactionaries," while cites

tras have been issued by them' nouncing defeat of General "Hsia 'Tou-yin's troops. Aeroplanes' are

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

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