The Ministry of Finance has announced that the imposition of income tax on the interest from bank deposits has been postponed till January 1, 1937, "The decision was made in response to the request of the Shang-hal Chinese Banking Association on account of the non-completion of Procedure for collectlon.—Central, News.
Washington, Sept, 30, Monetary authorities here to-day believed that the Chinese polley of maintaining a wide margin' between the buying and selling rates of the yuan protects the yuan from the effects of a wide fluctuation of the pound-dollar eross-rate during cr-Feney readjustment, The present system, they believe, tends (o give the yuan a desirable flexibility while the exchanges of the world await the knowledge of what pound-dollar vale will be established—United Press,
Text read from the printed page and cleaned; old type leaves the occasional error.