The Archive · 1936

Silver Standard Abandoned

We are reminded that Manchoukuo abandoned the silver standard, in favour of u managed currency on a parity with the Japanese yen, by the figures under "movement of treasure' Over $4,000,000 in silver coin and pule Mon left Dairen in July, roughly halt to Japan and half (o Great Britain, making the total in seven months over $17,600,000.

"The total trade for twelve months according to the customs was $1,133,- 403,482, with imports greater than ex-visible @ 0 the breach by $103,198,056,, But here "invisible exports" step term under which to. enter such receipts as interest, dividends, receipts for shipping and foreign capital invested here, during 1035. boosted Manchoukuo's receipts by $622,091,000 whereas "invisible imports" '(under which are listed Manchoukuo's payments of interest and dividends, investment of capital abroad, repayment of foreign capital, and the tidy total of $42,000,000 in funds taken out by emigrants or remitted to their homelands by immigrants) amounted to a mere $351,958,000. So the Department of Finance finds that the "international accounts" for the calendar year 1995 including the Kwanglung Leased Territory (a term not in polite use before 1932), total '$2,000,176,000 in which exports, visible Sd invisible, exceed the items classed as Imports by nearly $88,000,000,

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

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