Shanghai, Oct. 5.
'A. big silver shipment is leaving Shanghai this morning for Hong-Kong. A total of $12,500,000 in silver was loaded on a vessel in 2,500 boxes yesterday afternoon and last night. Fleets of trucks Isden with boxes of silver moved to the Customs Jetty, from where the silver was taken to tugs which took the valuable cargo a ship which is leaving this morning for the south, Currency Not Weakened Shanghai, Sept. 20.
The report circulated to-night that the Chinese currency aystem would be weakened by the shipments of silver which were being made by the Central Bank of China wae entirely without foundation, declared a spokesman of the Bank in an interview.
"Since our currency has been ed on a managed basis," he said, "the more silver than can be converted into foreign exchange the greater becomes the stability of the current; 'The spokesman pointed out that recent shipments to the United Stars were for the sale account, under the Sgreement made with the' American Treasury.
Some shipments, he addyd, had been made to Canton via Hongkong to make up the deficiency of seven teen por cent, in the sixty per cent. cash reserve of the Kwangtung Provineial Bank issue az a part of the reorganization scheme for the Canton currency.
"Our currency," the spokesman emphatically asserted, "Is on a very sound basis and has been lately further strengthened by the tat currency alliance entered into by Great Britain, the United States and
Text read from the printed page and cleaned; old type leaves the occasional error.