Shanghai, Sept, 2.
Further regulations. for Wei-wah Jor transfer money have been 188 according' to Finance & Commer The second clause of these rosulation Impertonce, as it should ass merchants. to. restart, business, that. Welewah cheques fasted tu pay ment of merchandise, represented by necessities, will be honoured in cash The Chinese merchant has to request his. bank, on which the cheque drawn," to" submit. his request in writing to. the committee of the four [Government Bankes, who meet dally at 8 am. for sanelion.. In the case where the goods are necessities, the Fequest will most likely" be prom= tly ranted, provided it is nov op= posed by the Danke sending it in. By ils means Toeal trade may soon be put In motion again. by. converting Wei.vean'money into feat tender, The regulations are as follows:—(1. With the exception of cheques jon ihiemselves, the four Government Banks shall oh accept cheques other banks, which age Welavah, for opening new recounts or for making [Sduitional deposits in existing) ae=
12). Tu case Welawah cheques are presented by. merchants in making. payment for cargo, these' cheques must be accompanied with Bills of Ending or other "documentary evidence: and bank certificates, and ter careful examination by the four Banks, they may be accepted.
"a. Foreign banks may open wei-yeah cheque accounts with the Your banks, but these recounts are subject 9' withdrawal by. cheques fonly which "remain. og" Welawah, Withdrawal tu the form of bank notes Lagat tender) cannot be made Welawah cheques "presented tothe four banks by. the Chinese Clearing House ate to be handled
Text read from the printed page and cleaned; old type leaves the occasional error.