Will the Tae! be Superseded by the Dollar?
The date of putting the Central" Mint, situated Shanghai, has not-yet been settle] by the government, despite reports published locally that December 1 has been arranged as the opening day. When interviewed by four representative Mr. G. Kwok Bew, director of the mint, said that he was ready to commence work at any time now, as all the machinery is in place, but he was await orders, Where the report December 1 originated he did not know.
The mint building is situated on the side of the Soochow Creek, opposite West Soochow Road near its intersection with Ferry Rond, completed in 1922 and chinery brought into Shang) there was not sufficient money with which to pay for it, and in con sequence the machinery has re mained in a local godown for years. Now everything is paid for and the Government intends to use the mint, probably closing those now in operation at Nanking and Hangchow, according to Mr, Kwok. The machinery at the Central Mint is under the charge of Mr. Hewitt, an American engineer who was to have taken charge of originally. It is worked by clectricity, current being supplied from plant on the premises, With a ten-hour working day the mint will be able to turn out a total of $700,000 exch day, five lakhs ing in dollars and two in subsidiary coinage. The currency design is to be new; as that in use at present not considered to bear a suitable Wkeness of Dr. Sun Yat-sen. Phot" graphs have been sent to five firms different countries and from the dies sent in one will be chosen; one of [has already arrived,
Text read from the printed page and cleaned; old type leaves the occasional error.