Harbin, Feb. 20.
A great sensation was caused in Jocal business and financial circles the receipt of telegraphic infractions from Marshal Chang Ts! lin ordering the C.ER. to shift to 'a dollar basis in all its financial operations, thereby replacing the Soviet gold rouble. Orders also were given that all banks henceforth shall refrain from issuing local dol lar bank-notes without the special permission of the Civil Administrator of the Special Arca of the Three Eastern Provinces, who at the same time is appointed to the newly-ereated post of State Controller of the above-named territory. The reason for this redieal change is the recent Jabnormal decline of the Harbin dollar, which is largely due to the presence of other currencies on local market and the perform an of all operations by the Chin Eastern Railway on the gold rout basis, as well as the promiscuous issuing of local bank-notes for which there is no silver reserve.
It is impossible to pass an opinion as to what adverse pressure will be Drought to bear by Soviet officials. The C-ER. Vice-President, Comrade Lasheviteh, lost no time wiring the news to Moscow and conferring wi his colleages here. It ecems that a clash with the Soviet directorate is inevitable, as the latter consider it most arbitrary to decide an issue of such importance without previously consulting the Soviet Government. Soviet officials also are afraid outsin, Mar. 5. interesting sequel to 8 $1,000. 00"arms deal, negotiated in'1015 between General Chang Ching-yao, then Tupan of Hunan, and Signor Egrdio. Marzoli, an Tialian citizen residing in Tientsin, was heard in the local Italian Court on Saturday. Tu view of the fact that the arms were not delivered, the form Tupan is suing Signor Marzolt for a refund of the ft installment, amounting to $300,000, which we paid in Signor 'Marzolis name bank in Tientsin, Signor Marzoli entered a plea that' General Chang had not the right of standing before the Court fax the contract had been made with the Governor of Hunan, Ho declared that the claim should be sub: mitted by the Provincial. Covornment of Hunan, The ease is proceeding:
Text read from the printed page and cleaned; old type leaves the occasional error.