The Dishonoured Notes of Banks of China and Communi-
Tanks publish an accurate statement their accounts. This also, was ignored. "By this action {tis plain that the two banks regard" the holders of their notes, who are their cations: Vigorous The following, Conceivable that the principal hele tip the ne tee choup tu expectation, wee the National Bank of China and the Bank of Communications ceased to cash their Hankow notes exchange has been stagnant, and business and the people's livelihood have suffered from the shock. The two banks themselves have not been able to adjust the situation and the credit of paper nioney has been severely shaken. That bank notes do not circulate freely in Wuhan, Honan and Hunan ix sufficient evidence of the truth of this statement and, even in Shanghai, people feel nervous about necepting bank notes in lieu of cush, From those circumstances it may be seen that the stoppage of payment of these notes has not only adversely affected finance and in-Jured trade but has had a bad effect on the position of the two banks concerned. But the Directors of these two banks show no desire to' put things right but try to excuse themselves from blame by saying' that it was the exigencies of the military situation that were countable for the, banks suspending payment of their paper money.
Text read from the printed page and cleaned; old type leaves the occasional error.