Usance Native Orders Not Acceptable (0 Foreign Banks Tauxsoay, July 21
The members of the Shanghai Foreign Bankers Association have issued a notification stating thi from August 1, 1927 deliveries of import cargo will be made against cosh payments only, usance native bank orders will no longer be! accepted.
AS cash native orders must be presented for payment to the native banks hefoze 2 o'clock, if payment is to be received the same day, deliveries against such orders cannot be made unless they are received by the foreign banks before noon.
Text read from the printed page and cleaned; old type leaves the occasional error.