Importation Continues: Chinese Banks Sending "Bars to Hangchow: Foreign Banks' Vast Stocks of Coin good deal has been written during the past year on the silver situa-pose of purchasing eggs, in all probability used for the pu, rwise the gold Kept this country] would be exhausted very soon by Shipments to America through foreign banks.
Other speakers advocated the rostoration of peace and order as well safe condbet to the suevement of tion and attention has continually been drawn to the unprecedented and vast amount held by the banks. Reference has also been made to the Jcontimed impor: ation into China. notwithstanding the enormous stocks Hheld. The question, therefore, arises nuts, and other export Canal Bars imported into Shanghai the past by foreign banks have usually been converted into sycee: and not minted into dollars, We have also obtained the import cargo so that trade could be revived "Who is bringing in all this treasure Srith consequence -benefit to cur~ and export statistics for gold durand who is using it? ing 1929. Tt will be seen that bars The Chairman thanked the assem~ The statistics concerning the imto the value of Hk, Tls. 425,067 wore imported during the year—Europe bled delegates for their attendance portation, exportation, and move-which brought the proceedings to a ments of silver in China during 1929 sending bars t the extent of Hi
close. which we have been able to obtain 1s, 158,027 and Hongkong Hk. Ths, nly stow a 166,400." Coin from Hongkong: total-Jed Hk, Tis, 638,925,, The total im>
Text read from the printed page and cleaned; old type leaves the occasional error.