Paris, Dec. 31.
The bank rate was reduced to-day from six to five per cent—Reuter, (2) 100 Ye, Coan: Ca 00,000 "troop Disbandment favourable effect upon China, it was said, but, on the contrary, have worked {o' China's advantage.
The estimate was made in govern= ]ovent financial circles that $340,000,00) worth of silver Is now being hoarded, ig Shanghai, while silver in the hands Jot foreign merchants was placed at fonty $40,000,000 during December.—United Press.
Payment will be made ax sua! through the Central Bank of Cina, The Bank of China and the Bank of Communications throughout tke coun: try as from January 15, 1095, excep! that of the 18th Year Troop Bisband: ment Loan which witl be made from January 31—Kuo Min,
Text read from the printed page and cleaned; old type leaves the occasional error.