Stern Measures Only Make Sit-nation Worse Prow £ ComRESPONDENT
Mukden, Mar, 4.
The persistence with which the provincial authorities have striven fo prop up the purchasing power of fengpiao, by the wholesale arrest trader and xchange brokers, farther the financial condition of the effect of upsetting the trade centres, There is much discontent in Fengtien Province on the part of the traders and peasant try and, despite all the threats and arrests, business operations -continue to po carried out on the ba the taiyuan or the Japanese yen. Moreover, "anticipating farther propa in the value of fengpico, the retailers are calculating "exchange at the rate of 85,000 "fengpiao to '¥.100 oF $100 silver, At the same time, foreseeing further difficulties With' the autheritis, stocks of commodities are. not' being replenput Safe keeping. In ished and all available cash is being
districts, as a.result of the currency question, the system of barter is now in vogue, General Chang Huang-hsiang, the Civil Administrator ofthe Special Area of the Three Eastern Pro-
Yinces, recently met the representa-Lives of the General Guild and Chinese Banks at Harbin, and discussed with them ways and tineans 10 boost the value of the Harbin dollar. The deciatona reach ced. were:—(1) Necessary additions to be made to the 17 Articles recently promulgated in respect of Sustaining the value of the Harbin dollars (2) inspectors to be Kept at the produce exchange to enforce the ban om speculative business; (3) to prohibit dealing in foreign cur-Tencies; (4) the General Guild and traders at Harbin are to see that Prices are lowered all round, Order to ameliorate the lot of the community; (5) all transactions to te'made in Harbin dollars
Text read from the printed page and cleaned; old type leaves the occasional error.