The new 20-cent paper notes we seen about town the frst time yester day an issue of the Kuangtung Provin-lal Bank. The same bank will have ite new $100 banknotes on the street to-day, Previously contemplating the Issue of altogether $90,000,000 more notes of all denominations, the Government has determined to make this Agure $50,000,000, some to be not fof the Municipal, others of the Pro-Vinelat Bank. Those of the $50 kind have only to be chopped before they can be put in circulation.
For the convenience of the publi was permissible to take $10 ye to Hongkong or elsewhere outside of Chinese territory. That concession has been rescinded, and it is unlawful to take sing piece silver out of Chin To even try to enter Shameen with a few pieces in one's pocket or suitcase will result its being confiscated, and at bola the British and French gates Chinese passing into the foreign concession fare having to undergo search Chinese oiMicers.
Only a few found ta be making oft with silver have been [Ordinarily it is taken away from them, but they are let go. However, five entering Shameen have been ar rested, it appears they were professional smugglers.
Advances To Private Banks Private banks about ran out of notes on Saturday, the $800,000 given them in advance to tide them over being too litle to meet every dean. They since have sent many boxes of 20-cent pieces to the government depositeries as the fair exchange for Tis $500,000, but have not had the: chance of getting all their silver changed. To-day another $500,000) temporarily will be turned over, to the private banks until they can} convert their silver into banknotes.
in Fatshan and Canton the Government is concentrating its efforts to] bring about the disappearance of coins. Oulside of these two cities they are accepted for the time being. But elly by city, county by county, fan organization will be built up for getting out of circulation the silver that no longer should be legal tender. The next step will be working along present lines in the Central military area, which takes in Namhol, Punyee, Sunteh, Sunwul, Chungshan and Toi shan, From the 9th till the 16th the Faighan Business Tax Bureau is not to make collections, for its offices: have been made makeshift exchange centres, This is because there are branches of the Provincial cz 'Canton Municipal Banks there, ana the Bureau lg fulfilling their func Hons in. giving out paper currency for coins. 'The Business Tax Bureau Ukewise has given up its ordinary' functions, and is helping the two Government Banks get back 20-cent pieces brought in by the people who fare glad to part with the notes for which that get 20 per cent. more.
Text read from the printed page and cleaned; old type leaves the occasional error.