New Gold Unit Established for Duties Collected by the Maritime Customs: Scheme to Protect Foreign Loan Services Nanking Jan. 15.
Mr..T. V. Soong, Minister of Finance, to-day issued an Order to the Maritime Customs Administration to the following effect "Commencing with February 1, 1930, Customs Duties in Imports {from abroad will be collected on a Gold basis. "Other Customs dues and charges, however, will continue to be collected as heretofore, "In converting specific rates to a Gold basis, the approximate average rate of exchange for the last quarter of 1929 will be used from February 1 to March 15, 1930. On and after March 16, 1930, the approximate average rate of exchange for the meath of January, 1929, will be used. tions the nature of which have not been revealed.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.