The Archive · 1928

Provincial Banknotes Barred

According to. those resolutions, fprovinetal bank will be forbidden to issue bank-notes. Provincial banks will: be required. to. conform. to. re-Feulations passed. by the Central 'The regulations governing the 'énization*and operation' of com. mercial "banks," foreign - exchange ami savings banks,. and- sgricultural and industrial banks were like-wine accepted in prinelp With regan! to currency, regula tions'for making the dollar the basic coin, the limitation of bank-note issue of commercial and semi. Government banks before the ablishment of a Central Government Bank, and the control of minting were passed.

Tt was also resolved that there should be only one Central Mint) in the country for the coinage of! the dollar and subsidiary coins, that} subsidiary coins should be par, that there should be free coinage for the standard dollar.

The actual abolition of the tael should take place three months after the establishment of the Central]

Mint, but not Jater than July 1, 1929.

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

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