Proposition Viewed with Mixed Feelings by Chinese Press.
Preparations for the establishment of the Shanghai Mint hav been going on for years, but lad of funds has retarded the wi of its erection, comments the "Sinwanpao." Another loan AS just been secured, so its opening: may not be long delayed. However, we viewed the proposition with mixed feelings. We are pleased, inasmuch as our rights to mint our own currency will be preserved and the foreign desiv" to establish a mint at Shanghai prevented.. Alarmed, because hav ing borrowed foreign money, "in the event of mismanagement or inefficient handling of staff, foreign intervention may the unavoidable and sovereign' rights may still be lost.
As the greatest abuse in a mint would be short weight or impure quality, the "Stnwanpao'" is glad to hear that a special supervizin committee will be appointed, whose members will all be more or less concerned in financial matters, for example, the Chinese Banking Association, the Native Banks' Association, the Chamber of Commerce and the -Maritime Customs. The Foreign Banking Association will be asked to nom-mate members - or officers to serve on it.
Text read from the printed page and cleaned; old type leaves the occasional error.