Special Committee to Study Problem That ample time has yet to be riven to study various " problems Concerned with the abolition of the tael before action is taken i the consensus of opinion of locas Chi
eomection the formal. announcement nes bankers and merchants. In this the Ministry of Finance abolish-the tael in order to standardise rimose currency will not be issued for some time yet, it was reliably earned on July 29.
Discussions on the question of making the silver. dollar the standard currency have reached the stage whereby the evil side of the notion has to be seriously con sidered and measures have vised "to "prevent it. Leading bankers and merchants declare that the Government has decided abolish the tael and that no objection fo' this decision will be raised. As Mr, 'T, 'V. Soong, Minister of Finance, is busily' occupied with other important problems, Mr, Jian H." Chen, deputy governor of the Central "Bank of China, has been instructed to give the subject serious consideration..
special committee to take spec HE was announced on duly 25 that charge of the question had been created, the members. including: Messrs. P. K, Hu, of China & South Sen Bank, Lid.; Tsuyee Pei, of the Bank of China; 0, 8. Lou, 'a well known" industrial merchant;, John A. Chen, Central Bank of China, The remaining three seats will be occupied by the foreign advisers of the Finanes Ministry.
pecially: in native. banking. citoles, "Apprehension exists locally, es-to the standard of: the silver dollar to be produced after the opening of the Government Mint and the abolition of the tael, Slight changes in the quality of the dollar and the quantity of silver used, and the ever-civeulation of banknotes after
Text read from the printed page and cleaned; old type leaves the occasional error.