The Archive · 1927

American Oriental Bank (CLOSING RATES SELLING DEMAND DRAFTS

6.5100.00 Mex. 22207]

£1.00 Yen 100.00 100.00

1 1 ea 2 ea FT

Singapore $1.20 Rupees 1.89 Reich Marks 2.04 Guilders Ly Italian Lire 12-41 Swiss Francs 3.50 Belgas 4.84

1 Swedish Kronen 2.03 1 Norwegian Kronen 2.00 1 "Danish Kronen 2.53 1 Cxecko Sov. Kronen 22.93}

Mex. $1.50 horta, when referring to the cortinent of Asia as a silver pro-Gneer, the Dutch possessions in' the Kiet were hardly taken into. account. Mining of gold and silver ore has been carried on them for The ore had to be abroad for refining, so that the precious metals were classed as exports from other coun-ipally the United States.

it is contemplated not only to develop the mining properties in the Dutch East Indies, but to refine the gold and silver theca and to export the refined and assayed metal direct to consuming markets; this plan has the approval of Government and is likely to be. put into effect early in 1928.

Under present circumstances. tie' production of refined silver from the to silver-gold mines Sumatra,—Equator and Simau—is. estimated at only 2b million troy ounces a year; which means 1 per:

ut, of world production. "But the Interesting point is that the ref ing is to be carried on on the that, moreover, the bir silver ix to be shipped to China Instead of to the London and New York Markets.

At the moment Mr. R.T. Braakensick,, the representative of the ming owners, is at Shanghai studying local requirements to. make nrrangeof the com= pony's. silver output.

The concern trading under the style

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

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