Mr.. V. Soong, chairman of the Board of Directors of the Bank of China, announced to-day that the Canton dollar had been Axed at a value of 144 to one dollar, Chinese National Currency. 'The new ratio will take effect as from to-day, Mr, Soong _an-, nounced, Ail! Cantonese currency' bank-neies will be withdrawn by January 1, 1938, and will be replaced by' national currency, he Eald—United Press, relations between our tw6 cotintries will return to normality. This would naturally facilitate the-adjustment of other questions."
Text read from the printed page and cleaned; old type leaves the occasional error.