The Archive · 1935

Silver Unloaded on the Bund

Cruiser Brings $265,000 from Yangtze Port With a small crowd of curious spectators watching, the sum of $265,000 silver was unloaded from the Customs cruiser, Wen Hsing, at the Nanking Road jetty on Friday after~ noon. The cruiser, long noted as silver-carrier along the Yangize, arrived from Hankow.

Carrying a few boxes of banknotes belonging to the Bank of Communications, the Bank of China and the Ningpo Commercial Bank, the cruiser left Hankow for Shanghai on Wednesday. At Nantung, she stopped over, taking on 53 boxes of 5,000 silver dollars each, consigned by the Bank of China branch there.

The cause of the shipment was attributed te the new currency policy recently enforced by the Government. Since the banknotes of the Central Bank, the Bank of China and the Bank of Communications are Tegal tender, those notes bearing the hame of a' elly, such as Hankow, will have to be changed, it is reported.

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

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