The Chinese press has come out with a report that the Soviet Go-Yernment are running the printing presses overtime turning out "chervenite" notes to the extent of 16 million chervonitz (one chervonit: equals 10 gold roubles) notes per month. The Kirin Governor's office is reported to have telegraphed the Ping-Chiang (Harbin) Taoyin to warn the business people in time the Soviet notes. As far as the chervonitz notes are eoncernced they are at par at present, but there is no business in them in Harbin beyond travellers via Siberia and no banks deal in them except the Dal (Soviet) Bank. In any case the Chinese are not likely to get bitten with' Ruseian paper money after their disastrous experiences of a few yeats ago with Roubles, and prefer to run whatever risks there are in the notes of their own banks. Certainly the Chinese interior currency (the paper "tiao") is rine too stable, but at all events it is thole own, even if the native banks do make all sorts of profits by hardening the exchange when the fartiers are marketing their produce, and reversing the operation when the farmers have to buy without having anything to sell to offset it. (In the winter, when produce is being sold, the tige strengthens to 180 or 0 to the local doliae, while in the slath summer time the rate often atops to 220 or more.)
Text read from the printed page and cleaned; old type leaves the occasional error.