The Archive · 1929

Another Money Scare

A firm that poid its telegram bill yesterday had to convert $200 in Central Bank notes into Hongkong, currency, the only medium of payment accepted at the telegraph office in these days. So scarce are Hongiiong bills, that the $200 had shrunk to $129 when the exchange transaction was completed. Whether this is or is not the correct rate' o¢ exchange, no one can say; there are no market quotations and the money, Build does not care even to guess what the market price should be, {or there are too few who would buy. was the message Mashed over and lose such a terrible amount of the wires several days ago, and the few who knew were ago with money. citement. "Gen. Li Chien, Silver will be very scarce, too, if] feasoned, has got safely away, and the money shops and native banks would soon be in their mide" for Keep on sending their specie into Until a second wire came from Li Ghang-yan saying. that he was on Friday evening's train was it rea lized that it was the Hankow Branch Political Council and. not that of Canton that was referred to in th first message.

Shameen. Foreign banks, in_ the Concession have ta': en large sums for storage, and even a godown has been rented on the island, to which, for the past three days, coolies have bags filled each silver subsidiary From Kowloon, Gen. La Chung-yan travelled by train, and was comple: rely. lost "among the coolies and other poor-class pesseagers._in third-cines coach, "When the locomo tive chugged its way into the depot' At this end of the Hine, a few were fon hand to receive the distinguished} feader, but they seamed in vain the faces of those who alighted. Young men attached to the General Sta were sent through the coaches, Starting. forward. and working to:

ards the rear of the train. Not sign of General Li Ci-Sen, they reported, and so Gen. Wong Shiuhag personally led them through coaches. At the back, they by an inconspicuous little man, who acted as if his thoughts were 2 thousand mile away, onl hho chanced to espy hi id, the Kuangsi Governoe. Here at last out of hich event out armcin-arm with his old So closely guarded was the secret of the general's return, that eve many high officials were unaware that he had stepped off of the tr:

got about that it was Pei Chung-hsi who had come back to Canton. This story persisted for some time, fand even came out in print in morning paper. To this very mo, ment, there are those who refuse be convinced. They have made up} their minds that Gen. Pei has! slipped into town; that he. either preceded the Hankow leader or came along with him, and some news Paper men hold to the same belief.

Mobilisation, Yesterday, Wong Shin-hung achis friend up the river to Wuchow, where eight regimen are being of ready to ce-operate] with their friends Zrom Kuangtung in the coming armed conflict. It understood that their stay" will aeroplane to rejoin troops at Hankow.

About all important offices in Ganton. the guards have been increased, and after nightfall 3

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

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