The Archive · 1925

Another Currency Problem

Mote trouble is arising out of the superfluity of copper coins Hupeh. For several years past, the Wuchang Mint has been turn: ing out nothing but the double tung-ko-tei, or 20 cash piece, There is absolute glut of these on the market, #0 that the dollar changes at 2,660, and paper notes are worth more than their face value in cash. It is now more than suspected that coiners have been at work too, and that a good many false coins have been put upon the market. Orders have been sent down from the Board of Finance in Peking, that the whole question of copper coins should be gone into. The question is complicated by the introduction of a great number of light coins from Hunan.—These, though genuine enough, are light weight, and are to be discounted 25) per cent. There are also coins from Szechuan, which are easy to recognize by their ight yellow col-'These are to be discounted 50 cent. The regulations for-ling the importation or exporta-_ tion of copper coins across the provineial boundary are to be made more stringent.

A $40,000 Fine An interesting ease is that of Mr.

Wei Chung-chi, who is a wealthy business man acting as agent for the Golden Star Life Assurance Ca. Aifow weeks ago he was arrested and: thrown into prison on the charge of illegally making use of a military title. "This: title he is alleged to have. purchased for a

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

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