The Archive · 1930

The Gold Embargo

Interest. was aroused © locally yesterday by the Rengo telegram irom Nanking to the effect that the gold embargo was to be modified to the extent of allowing people lea ing' China to take with them gold up to the value of Haikuan Tis, 10. On the face of it the amount vf gold to escape the embargo seemed 80 small as almost to discredit the report, but the case turns out not to be so extraordinary. While further details may transpire before this appears in print, there is one point which tends towards cor-oration, The doctrine thorough" is popular in certain officials' quarters in this country, and when the embargo ws these officials realized sibilities of people can ing with them to other countries quite large quantities of gold in the form of Personal adornment, in fact wearing }s0 much of this that Customs officials might reasonably suspect the intention to smuggle. In the circumstances it is said that the embargo in the first place would have prevented anybody taking his signet-rung out of the country or any other xed possessions. This point is believed to have been brought to the notice of the Nanking author. ities, and the belief was current in Shanghai yesterday that they had taken steps to ameliorate this undoubted hardship by the modify tion suggested by Rengo. This is only one point in connection with the embargo, but it is sufficiently noteworthy to call for comment. Farther information received in Shanghai is to the effect that con-Sequences of a more serious character are receiving due attention in Nanking:

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

Your account