The question has been asked in come quarters as to whether the eri sis has had any effect on Munic debentures. It can be definitely stated ted that so far it has had none, in fact these securities have been in Gemand during the present week ithout showing any reduction A very different state of prevails with regard Chinese Government issues. Only accently Reorgatization Loan (Brit ish issue) stood as high as £77 in London but the Satest quotations, sow a fall of about 45, due to the prevailing state of affairs.
'An important point that may be raised ix with regard to Chinese Lanks registered int Hongkong and therefore having the status of Brit ish banks. The banking laws are' very stringent at Home and the: banks may only 4 statutory holiday at the present juncture and it will be interesting. to soe whether the British authorijes will put the law into action against them.
Text read from the printed page and cleaned; old type leaves the occasional error.