Nanking, Oct, 23.
The following is a translation of the regulations governing the newly established Foreign Exchange Stabiliz ation Committee, which will tune tion in Shanghai:—
1—This committee shall ganized jointly by the Central Bank China, the Bank of China and the Bank of' Communications, in accordance with the instructions of the Ministry of Finance.
2—This committee shall have three members, one each designated from the Central Bank of Ching, the Bank of China, and the Bank of Communl. ations. "A chairman shall be elected by and from the members and goid election shall be duly reported to the Ministry of Finance for record.
'3—The daily equalization charge shall be fixed by this committee, 4—This committee, in order to meet the requirements of the market, may request the Centil Bank of China to buy and/or sell foreign exchange and gold or silver bullion with view to stabilizing the foreign exchange market, '3—This committee may, in time of necessity, request the central bank China 10 import or export gold or silver bullion, '6—The proceeds of the equalization charge on the export of silver shall be handed over to the committee 4 stabilization fund. Upon instruetions of the Ministry of Finance to the Inspector-General of Customs thiy {and shall be deposited in a special account with the Central Bank. of China,
Text read from the printed page and cleaned; old type leaves the occasional error.