Rumours Attributed to Speculators: U.S. Officials Confer on Silver Programme and Policy In the course of an interview grant Jed to the Press during his visit to Shanghai on Friday, Mr. Wang Ching-wel, Chairman of the Executive Yuaa and Minister of Foreign Affairs, dealt with the current rumours of the Government's intention to devaluate China's currency and/or adopt a paper currency.
Mr. Wang expressed the opinion that such rumours came either from speculators who were financially Interested or from persons who were ignorant of the fundamental facts of the present currency situation.
'As the great bulk of the silver 'China was in the hands of the public, there was nothing to be gained by the nationalization of silver or the devaluation of the silver dollar, and the Government realized that' any such action would be entirely against the interest of the stale and" the wishes of the people. 'The Govern ment will on' po account consider measures, jon its administration of the purchase programme. They are Senators Bur-fon K. Wheeler. of Montana, Pat MoCarran, of Nevada, and Aiva B. [Adams, of Colorado, ati Democrats, These three legislators feel that the Treasury. should give Congress definite information on the following points: fads TP extent of purchases thus 2. Effect of these: purchases on the leconomie situation.
43. The price paid for metal so far 4. Whether any siles of silver have been made for the purpose of halting or retarding increases' in the price of the metal.
Text read from the printed page and cleaned; old type leaves the occasional error.