Mukden, May 29.
Sinea Chinese New Year, there has been a very considerable reduction in the amount of Ki Hei notes in circulation in North Manchuria, especially in the Harbin district, where the Bank of China and Bank of Communica tions have been and still are very consistently redeeming this issue with a new issue of big dollar notes, which are now widely circulated in Harbin and all the principal towns in the Harbin region.
Thesa big dollars are at par with Mexican dollars and may be transferred to Shanghai also to any other important trade centre at rates varying from three quarters to one por cent. The introduction of this new issue marks a new feature in the currency circulated in Manchuria and it Will be very interesting to see whether the Bank of China and Bank of Communica: tions will be able to maintain thei present par value with silver dollars. These two Banks also have the intention of using the same currency in the Changchun and Kirin districts as soon as conditions permit: but there is still appreciable quantity of Ki Hei notes in this territory, which have not"yet been redeemed.
Text read from the printed page and cleaned; old type leaves the occasional error.