Petition fo Government to Remove One Per Cent. Tax Hongkong, Nov. 26.
Owing to a shortage of Igeal banknotes, the associated banks are contemplating petitioning Government fo remove the one per ent, tax which is at present payable: on notes issued against silver dollars held under the control of the Government.—Reuter.
30, will spell disaster. It seems that erders have been received by several of the local branches, of Chinese banks with head offices elsewhere to exercise great caution' in making advances to merchants. For this reason, the local bankers have answered a demand that they ise $4,000,000 on the security of the tobacco: tax with a promise to refer the matter fo their head offices for decision.
'The recent despatch of large! quantities of military - stores to places.as near at hand as Huang-pei and Hoayuen counteracts any' attempt on the part of the author-jities to dispel the fears of a /Kuominehun advance down the Han, while the news of the capture of Loyang which is published. today does -not rouse any interest
Text read from the printed page and cleaned; old type leaves the occasional error.