The recent measures taken by the local Chinese authorities with regards to strengthening the local dollar still oveapy public attention in Harbin. The Japanese are up in farms, on account of the back seat [Japanese Yen have now to take in jocal commercial transactions and the Press is placing all the blame fon General Chang, the Civil Administrator, who they say will, be foreed to resign, As a matter of fact, the latter actually did nathe ing on his own initiative, the mea sures being the outcome of prolong-consultations with leading Chinese bankers and merchants, "The Russian Bourse Committee who framed a long letter to the Civil Administrator asking a number of questions as how to act in certain matters affecting exchange trans-fe tions, have now received a full reply to same, after the civil administrator had called a conference of representative Chinese who d folded on important financial reso tions. The Bourse Committee Jobtained the necessary permission for firms and individuals to pay their old debts in the currency they were incurred in, or else ata settled rate of exchange, so that the pa ment may be made in local dollars, debtors being given one month's grace to make this change, Parmission was granted to local Russian Banks to continue to accept current accounts and conduct their collections in yen and other currencies, for it was pointed out that if this was not allowed the Banks' foreign customers would otherwise all withe draw their money from the Russian Banks and place same in foreign banks, which would mean disaster for the former, Permission was also frvanted there Russian Banks. to transfer various currencies to for ig countries, and that the Bank fof China gives daily stable buying fand selling rates for the Harbi Dollar. Russian firms are like allowed to conduct import operation their books in the currency they fare made with parallel) entries in Dollars, Export operations may have book entries in foreign rency only in eases the firms cone ned are dealing with firms abr Bills of exchange when payable in Harbin can only be made in Dollars, but those aprond may be made in foreign currency, Russian firms fare not allowed to keep oF to accept foreign currency in their offices.
Text read from the printed page and cleaned; old type leaves the occasional error.