The argument in the matter of light weight cornage has advanced another step, and a very serious one, the consequences of which, though they possibly will eventually be for the general good, are not unlikely to cause considerable worry for a time. In brief, the Jeading Chinese traders have announced a boycott of the inferior coinage, with effect from yesterday. This decision resulted irom a meeting held on Sunday at the offices of the Nanking Road Street Union, there being present over 100 representatives of 32 of the more important commercial organizations. including the Chinese Bankers' Association.
A translation of one of the fuller accounts in the Chinese press fol-Jows "The question of remedying the chaos caused by the influx of light weight copper coins was discussed Despite the variety of opinions presented by those present, the suggestion not to use light weight copper coins was made and passed. The light weight copper coins the use of which will be discontinued are those which are not accepted by the Tramway Company. The aate for carrying out the proposal was the next thing discussed, and it was decided at the meeting that the proposal will take effect from to-day (22nd_ instant).
detailed account of the proposals passed at the meeting will be forwarded to the Commissioner for Foreign Affairs, the Military Governor of Sunkiang and Shang-bai, the Shanghai Taoyin, the City Magistrate, and the Chief of.the Woosung and Shanghai Constabulary. Mr. Hsu Yuan, the Commissioner for Foreign Affairs, wil! ba requested to communicate with the authorities of the International and French Settlements, requesting their ce-operation in clearing the market of these coins. The General Chamber of Commerce, the City Chamber of Commerce, the Foreign Exchange Bankers' Association, the Chinese Bankers' Association, and various commercial unions will accordingly be informed. 100,000 copies of a notice will be printed and distributed to all shops."
Notice To THE Pustie.
The notice circulated states that "it was unanimously decided that, commencing from to-day, the 22nd, light weight copper coins will not be accepted. You are therefore asked to carry out the decision accordingly.""
The letter sent to tha various authorities reads "At q@ meeting held at 2 p.m. on May 21, at which representatives of 32 commercial unions attended, the question of light weight copper coins was carefully dis and it was decided that a Boycott against these coins will take effect from to-day, the 22nd. Apart from publishing this in different papers. it is deemed necessary to inform yon.
Text read from the printed page and cleaned; old type leaves the occasional error.