The Archive · 1928

Mysteries of Currency

We common individuals are forced to use Central Bank notes and these subsidiary coins in our mutual bus ness transactions. No merchant may accept Hongkong or other foreign currency in payment for good sold, and he is liable to a fine uprisenment if he dues not first hanger, converting them Kuangtung currency before completing the transaction, lst government depart-do not feel any compunction about violating the lacs which ordinary mortals must follow. The chief of every department, makes his. laws; what is legal tender in payments to one govern-refuse to accept. There la.

ipal Bank, and one is required to receive es for the payment of debts, but few government offices will have anything to do with the currency of this govern vent institution, {The Telegraph administration has lately made rule to oblige the sender of a wire to pay the charges in Hongkong notes and even Central Bank notes fare not looked upon as legal tender by that office. the Hongkong & Shangha!

Bank put into circulation its ne issue of notes, counterfeiters have have given up their business of printing en tions of the old issue, but a new way of defrauding the public has been devised, and one has to keep his eyes open of he is likely to have foisted upon him worthless Central Bank notes, In this class cause they refused to be dicbande, that of Yok Wei-kum is occupying.

Yingchowfu and district, and that of Fan Chang-lui is said to have passed eastward, between Yingjchowfu and this' city. The 12th)

Army has passed through here. They have been orderly and well behaved while passing, but, of] course, the housing of so many has been "a difficult problem. The weather being fine, many of them were not housed at all, but camped without tents in the willow groves outside the city. Most of have now passed out, but effier jets of the 13th Division have arrived to do garrison duty in the city and outlying places. ofice, another department Some of the government schools ave been closed for the time bein, onder to provide the troops with, quarters, with a view to avoiding far as possible quartering them in private houses. This has not been avoided altogether, however, bhut it is expected that some quar-tors will be provided, releasing both schools and private residences. Many have come to the Mission premises, looking for quarters, and some pleaded very hard to be allow.

enter, but all respected the order of the Nanking Government] forbidding the occupation of Mis:

jon premises and none insisted on remaining.

There has been no rain in the! district since the middle of August, and the weather still keeps fine. No. wheat has been sown as yet. The! autumn crops also were not as 00d had been anticipated, as the drought hindered their filling, fare the notes which bear the imprints "Hankow and Swatow"; like: Wire those that are marked in An Incorrigible Soviet In the city of Showchow, 61 from this city, the Hsien Tang Pu, characters "Kuangtung, characters, "Kunetunk: lor County Soviet, has been occupy. ing, for two months, the chapel of wore iven to General Li Lit-kuan the American Presbyterian Mission, to pat indo circulation" when he a beautiful building erected about had brought the province of Kiangs five years ago at a cost of $20,000, under his control, but military. remaking it their headquarters. The: verses make the plan for distribut-

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

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