The Archive · 1934

Crisis in China

The following interview in conneetion" with the. silver situation was granted to Reuter by Sir Vielor Sas-

Sir Victor, on being asked his opin-fon as to how the. present serious sliver situation could be dealt with, ald that he understood was now appreciated in the United States that the rise in the value of the white metal would not benefit American rade with China, asthe stocks of silver available for shipment from. the latter country are now comparatively small. 'Therefore, imports into' Chino depended on exports from China. "On the other hand, as the United States currency policy necessitated the cumulation of" a large "amount st silver, it was necessary for her 19 make' purchases "abroad.

Sir "Victor continued that the question would now appear to be to find a method whereby America Would get the silver abe needed without unduly raising dhe price in way which would detstmentally affect "the interests of China, He thought it might be possible, in view of their preparedness to pay a much higher price than the present price, {for the American Government to act on the following lines:

Wednesday's volume.

Purchases from India dace saae atts 8 436 vss hat pose seat woven wine 20 oan us.q hal seem Bee Sha fides American Oriental Bank

Beet Sal Fas vs. gio shat one us. sve nal 2095 pa Opening...

Lowest Closing Thursday's volume...

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

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