The Archive · 1930

Ca-efficient Value of Rouble

Mar. 27, The first meeting of the full Board of the Chinese Eastern Railway, with all Chinese and Soviet directors present, was held yestoray afternoon." According to. the report issued following the meute ing, many questions of secondary importance were settled, among them being @ decision to abolish the Harbin meteorological station which had deen financed by the Railway.

Tt_was- also decided to ask the Russian Ministry of Communic tions to return all rolling stock be longing to the CER. which was seized last year by the Soviet authorities and has' since been detain-

Perhaps the most important action was a decision to change the coefficient value of the Russian gold rouble in its relation to the local Harbin dollar. Previously the gold rouble has been fixed at an exchange value of $1.07 in local currency. In future the gold rouble will have an exchange value of $1.80 in Harbin currency. This change is estimated to net the CER. some $3,000,000 annually in increased revenue—Kuo Min,

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

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