The Archive · 1920

A United Front Against Cancellation

London, June 20.

There is some uneasiness on the Manchester Rotal Exchange as the result of cables stating that the Piece Goods Association of Shanghai suggests that merchants and manufacturers in Lancashire should cancel contracts, owing to the fall in silver making it impossible to sell goods at a profit. Manchester firms are determined to act together and refuse to entertain the suggestion.

Tt is pointed out that dealers in Shanghai made immense profits last year when exchange was favourable to them and that now the position is reversed they should be willing to bear their share of the losses.

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

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