The Archive · 1937

Foreign Areas Shows Improvement

Shanghai, Aug. 20.

Signs of returning confidence in the ability of the administrations to "carry on" normal functions in spite of the critical situation were evident allover Shanghai yesterday.

Foreign banks on The Bund in the central district, which closed down and opened temporary offices in the western district, "re-opened their main otices yesterday morning to Undertake limited banking require~ ment. Clients used the side entances to the banks and many poople availed themselves of the facilltes provided in order to relieve the acute shortage of ready cash. AS a result, there was plenty of money Inv evidence yesterday and outstanding accounts, presented promptly by compradore shops and others who demanded cash' for household purchases were satisfied and many famlly larders replenished, Small money, however, appeared fo be scare, Jargély as a result of profiteering activities, but the Central Banik Issued large quantities of subsidiary currency coins and notes and the effect of this action will be felt in the next few days,

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

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