The Archive · 1933

STABLE CURRENCY FOR CHINA Benefits of the Agreement Signed in London

Mr. Tsuyee Pei, Manager of the

Bank of China, who recently return-with Mr. 1. V. Soong" from a Visit to Europe and America expert to the Chinese delegation to. the Economic Conference, gave a talk on the silver. question to the Thembers of the China Institute Iiternational Relations at the Bankers' Club.

Mr. Pei said that the silver question was not discussed at the Eeonamic Conference, It was touched pon only wher, the question of stabilizing the gold exchanges was aught up. It was in fact considered outside the Conference the silver producing and consuming countries. "There were more than a dozen, nations who were interested this question, and a, committee was formed with Mr. Pittman, the American Delegate, as chairman, it. Pittman had a strong personality, Mr. Pei said, and held strong convictions concerning the elution of the silver problem.

After several meetings and pri-ate talks among the various delegates, Mr, Pel said, there came an Sgreement, restricting sales of silver holding countries and securing the promises of the governments of River-producing countries to. pur chase certain amounts of silver, each lyeer. This agreement was signed all the countries represented on the "silver Committee, including China, Te was intended to stabilize the price of silver by controlling thei supply and demand. The plan. will ome into effect on January 1 next ear, and will yun for four years.

The part of the agreement that binds China, Mr. Pei said, was that China should not sell. demonetiz Silver dollars in the world market.

Dr. D, Vaughan Thoma musical competition festivals of Great Britain, Ireland and the United States' of America. As Specialist Inspector in Music to the Central Welsh Board he has issued a report, for the Board of Education, on the teaching of music in the secondary schools of Wales.

His compos duced, from time to time, at import-including the Cardiff and Gloucester Triennial Musical Festivals, the Queen's Hall, London, Liverpool, Birmingham and the Concerts "of the Welsh National Eisteddfod.

Dr. Thomas is well-known also a a lecturer, orchestral and choral conductor.

Text read from the printed page and cleaned; old type leaves the occasional error.

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