The Archive · 1931

Silver for Opium

An astonishing situation is re= ported in Kueichow province tym correspondent of the. "North-Eh Daily News" at Kueiyang. Owing the large exportation of opium most people are using their ready cash to buy it and send it, to the outer markets, andas a result ther {sa serious currency sheriage. All sorts of dollars are circulating and commission of ten per canty is charged on cashing money osiers from Shanghei. -Kueichow has Jong been the "unfortunate violin of currency vagaries and it is not many years ago that for a long period there was litle or no dollar currency circulating, and business twas done entirely in system, people bringing along their silver bars and having plewes chopped off and weighed in exchange for whatever roots they needed, The post ofice fad " regula system of handling business in this"way, and the, ofice safe at Kueiyang was, stuffed with loose silver, representing the day's takings. The correspondent poltts lout that one of the largest apiin firms has started its own banking firm, announcing its functions as "Inland bankers," and therefore in'view of the currency, shortage perhaps a return to themaymente in-kind system may be expected...

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

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