Shanghai, Mar. 26, The Hongkong dollar is now worth $1.80 Kwangtung currency, according toa Chinese report received here from Canton yesterday, The appreciation of the Hongkong currency is reported to be due to the restriction at Canton on foreign exchange. There has been an me creased demand for cash to meet the payments on imported goods and also large quantities of rice which have been arriving during the month.
'The premium on Hongkong dollars over Kwangtung dollars last Wednt day was Hongkong $1,000 to Kwang. tung $1,002, while at' the closing of the: markel_on Thursday the rate receded slightly to Kwangtung $1,000 to Hongkong. $1,000 Although the fluctuation is expect ed to have very little effect on the stability. of national and provincial currencies, the Chinese authorities have (aken strict precautions to restore normalcy, according to the report.
Text read from the printed page and cleaned; old type leaves the occasional error.