The Archive · 1934

CHINA'S SILVER STABILIZATION MOVE

Price Link Loosened But Unbroken:

Two Weeks'

Working: Experts Cautious and Conservative Shanghai, Oct. 29, An interesting review of the silver situation in China was obtained yester~ day, 95 a result of inquiries. It was felt that, whether the Government's action fon October 15 was right or wrong, feriticim of it now was an arid ocfeupation. The policy, having been /adopted, must now be worked out in Jaccordance with conditions as they present themselves.

The Committee set up to handle the question of exchange stabilization by means of the flexible duty on silver exports, was composed of banking experts. "The Finance Ministry thus indicated its preference for trusting such matters to men closely touch with the market, There was no intention to create an equalization fund and, consequently, the posi {ion of the note issue was not affected, nor should the adjustments contemplated develop into large scale exchange operations. cies which seem 10 affect te marks ati junciore Should pay' def ta the pombe. irsion a arly local vicsioges, Than 1 ent appreciation "of the "Tent tae Ras teen Serived_ from Seeldeatal. development connected with enn te' "A focal bon tie min recently of ito diet ten this 'Seated "a comiderble fernand" for outen' dear natural fest "that 'Shang. hat dalars wich had' previously Sofa romtum in ena, These lea otcurrenes fora. dlacount for" the time, "be

inentionng as'rympioms of these ditty of atenpting sy iindamentalhange inthe. tease China currency othe present tne

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

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