There has been much more local excitement concerning the methods the local Chinese authorities are employing against the use of foreign currency in Harbin. Since the fall of silver, the Harbin local paper dollar is' now only worth some 78 sem, and the consequence has been that all tradespeople have changed their prices into Gold Yen whereay formerly they used the dollar. Consequently the Chinese money-shop te, have engsized in big speculation in exchange. The rator first gave orders to the Chinese Guilds that the Chinese dollar exchange must be maintained, and that they must abstain from buying for~ feign currency and stop speculating.
money transactions. The Muni= final Administration was likewise instructed only to recognize the Chinese dollar, and Russian traders were called to Police Headquarters fand told that they should also conduct their transactions in local our rency and not in foreign values, On account of these drastic me suzes, the Consular Bods, after hol ing a meeting, protest which has been sent to the Civil Administrator with a request to withdraw there measures and with A statement to the effect that all the rights of the respective nationals will be preserved.
Thave secnis little likelihood of the local dollar going up in, value since no foreign firms are. buying Manchurian exports, and here thers. is no demand for" dollars. Shipments are being made, but only to China ports and Japan, and of course the lower the Tocal dollar is for this class of exporter the better it is for them.
Harbin isthe only town in North Manehutia, where the Gold. Yen used us a cuzreney, and secing that the tovn is in China this is a toba tury state of affaire which." the have a perfect right to The Chinese dollar' shou currency in general use jai the same as it is in all the othe towns in North Manchuria and joven along the CER.
To accomplish this it will be necessary for the GER, to change from their gold rouble' basis which all their tarists are vet. There is no such a thing as a gold rouble row, for Soviet Russin now only uses the chervonetz whose nominal value is 10 roubles, bui which is actually not worth more than 7.60 gold Yon, The gold rouble changes its value daily according to the fluctuations of the local dotter,
Text read from the printed page and cleaned; old type leaves the occasional error.