The Archive · 1920

Troop Movements in Canton

Banknotes Depreciate

Canton, Aug. 4.

There have been considerable movements of troops in Kuangtung during the last few days. General Liu Chi-lu, the Defence Commissioner of Swatow, is recruiting more men.

The Provincial Bank of Kuangtung will start business within a few days' time. The Bank will make an issue of notes, against which the Government will require that there shall be a 40 per cent. specie security.

Bank of China notes have dropped to 77 per cent. of their face value.—Reuter.

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

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