The Archive · 1927

Central Bank Looking to Likin

If these sums are available the: redemption of the paper notes at the five to one ratio will be possible. It is understood that the Government will leave the Bank of China and the Bank of Communications to finance their own shares as given above, but that the Central Bank will look to the likin stations for the amount which is allocated to it.

'The newspapers go on to refer to the question of the Treasury Noter, and calmly announce that all owners of property will be expected to advance two months' rental on their properties to the Government. This! money will be used in due course to redeem Treasury Notes. The property owners will be given! that they can collect on the insure's policy by summarily shooting him.

We understand that the Treasury Bonds to the face value of the amount contributed. But if the payment to the Government it made in Treasury Notes, yen notes will count as one dollar when the Bond is issued, So. much for the newspapers. Bat it is common knowledge that} the Vice-Minister of Finance has. bolted, that the Centrak Bank is donger of collapse, that the manager and accountant of that Bank.are under arrest and that there are shortages at the Mint. The issue of more paper dollars has not ceased. The whole scheme as outlined seems too good to be true.

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

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