Manila, July 21.
Rumours concerning the possibility of devaluation of the Peso, which is at present linked to the United States dollar, were categorically denied t day by the Secretary of Finance in a letter circulated to all the foreign and native banks here, Presidential headquarters at Malacana Palace simultaneously denied the rumours, which arose from the airing of their private views by a number of Assemblymen who, apparently, thought that the peso was too dear.
Senor Gil Montilla, Speaker of the Assembly, expresses the opinion that an independent currency for the Philippines is out of the question,—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.