In view of the forthcoming oper1~ tion of the mint the opinion of a ing banker was sought as to whether the tael would be given up and the dollar substituted as the commercial unit of currency, as when the Mint was commenced many years ago the then Chairman of the British Chamber of Commerce, the Into Mr. A. G. Stephen, manager of the Hongkong and said that the local houses. would do so pro vided a foreign supervisor were engaged to see that the weight of coinage and fineness be maintained fat the standard decided upon. At the same time it was to be arranged that all other mints in the country be closed, the Central Mint replace ing them.
The banker said that the tael was the sheet anchor of bankers, as it was always maintained at the standard, The dollar had depreciat~ -|ed throughout the years and it could not be depended upon as a unit for financial dealings in huge sums as handled by the banks, although it was still suitable for domestic currency, where the loss of.a cent or two here and there made but a 2 small difference. Multiplied by [thousands and hundreds of thousands these cents totalled a large sum. If and when a stable dollar was achieved the bankers would naturally be glad to take advantage of it and do away with the tael, but it still seemed that the time for this was, a long way off.
inthe meantime the banks and houses will continue to use 1d fix daily exchange rat no matter where the latter are minted. reply to a recommendation of the Medical Federation of China that no unqualified persons should bbe permitted to engage in the prac-rise of medicine, Dr H. K. Hu, Commissioner of Public Health for Greater Shanghai, says that no persons will be allowed to practise it in Shanghai if they have not been registered, or if they do not hold. from the Ministry of "Depriving People's Party"! Oppose the levy of miseellaneous oppressive taxes!
Drive away the foreign army and navy!
Oppose militarism!
Support the Soviet Government with force of arms!
Text read from the printed page and cleaned; old type leaves the occasional error.