To the Editor of the "Norra-Cava Daey News."
Sir,—I believe that the followin facts may be of interest to intending travellers by the Canadian Pacific route, Before leaving Shanghai I bought from the Canadian Pacific Company a book of "traveller's cheques" in U. S. currency marked "payable at the current buying rate for bankers' cheques on New York." For these cheques I paid cash and was charged one half per cent. commission. As the Company obtained the immediate use of my money and_ will only have to repay it at such time as I cash the cheques, it ig evident that this commission is a very heavy one, but I thought it worth paying in view of the great convenience of the system; for the agents assured me that the cheques would be accepted at the day's rate of exchange for U.S. gold dollars at any of the Company's offices and at all large hotels and shops throughout Canada and the United States.
After leaving Shanghai I took soma of my cheques to the purser of the Empress of Russia to cash. He refused to give me more than one Canadian for a U.S. dollar cheque. U.S. dollars are at present at a premium of eight or 10 {per cent. I"offered to accept this tate if he would give me a written statement saying that on such a date he had changed so many U. S. dollars for me at par into Canadian dollars. This would have enabled
Text read from the printed page and cleaned; old type leaves the occasional error.