To the Béitor of the "Nonmt-Ciuna Day News Sim—It is said that the Central Bank provided the foreign banks at Shanghai on April with £470,000 the rate of 1/2%, which makes a cost to the foreign Banks of $7,985,840, The foreign banks now pass these £470,000 on to the importers and to the public at 1/0¥%, yielding $9,024,- 000. Does this mean that the foreiga banks pocket a profit of $1,038,160, or roughly 13 per cent.? If so, this seems rather a crass example of pro-[Ateering at a time when foreign busi-. ness firms and their Chinese clients have a hard time to carry on.
Shanghai, Apr. 2,
Text read from the printed page and cleaned; old type leaves the occasional error.