The Archive · 1923

A Deluge of Paper Money

The business people are very interested in the printing office just now, for more paper money is being printed. It is reported that noted for $1,000,000 are to be put on the market without so much as asking By your leave." Some fearful folk ask where the notes may be cashed, and the answer they receive implies there is to be no bank to back these notes, but the business men will -be in duty bound to sec they are.accepted at face value. Each business house is to receive a quantity of the nates and is to give good money in ex+ change. If this government should be overthrown, then the paper money will be worthless. Another scheme for raising money is a kind of tax on property and estates. Two per cent. is the rate fixed and a man holding deeds for property worth $10,000 has the privilege of handing over $200 to the authorities Various rumours are afloat about the Commissioner of Finanod and the difficulty of his position, ete. It is recognized that he is the man to finance the government and others, but he is unable to do it when there is no money coming in. Even the schools are finding it hard to draw the money for the teachers' salaries, and the teachers say they need money in order to live.

Heavy rains have fallen durin, the last few days, but there are not many mich. working in the fields. The halo and hearty have been taken off to serve their country.

A sensational report appears im the "N.C. Daily Mail.' It is ta the effect that the British Municipal Police of Tientsin have received information that recently: two well-dressed Chinese apparently of the official class were in tha Concession inquiring where they could buy "wind poison" or thd materials to make it. It transpire ed that what they were after wag poison gas. They visited and establishment dealing in chemicals, but were informed that such business could not be transacted. The matter has been brought to the attention of the British Consulate in Tientsin which is. understood to have issued warnings td firms as to the Mlegality of dealing in any materials for thd manufacture of the gas. The report is current that the two men belonged to the Chihli-. Military Comimission.

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

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