The Archive · 1934

Clearance of Long Delayed Mail

Postal Workers Call Off "Go Slow" Movement The order stated that it was issued!

conjunction with another order of the Ministry, also issued on Sunda; ynibiting the former privilege set-offs" in foreign currency on the JGold Bar Stock Exchange. formation, however, regarding this Jorder was available in Shanghai on Monday morning which caused state of confusion, although it was Jobvious that some' sort of effort was being "made to prevent currency speculators from covering their posi {ions by gold bar speculations. moon ede, A

The Gold Bar Stock Exchange in consequence was closed although unofficial business at $088/65 was reported.

'While Nanking's order only applies to Chinese banks, it is expected that foreign exchange banks" will be lasked to follow' the order and to Jconduet business in the spirit ofts Provisions, Despite the uncertain situation foreign banks did quite 9 {alr volume of business on Monday.

Order To Gold Bar Exchange That night the following oficial statement was issued: The. Btnuty Finance has lasted the following Order to the Supervisor of the Gold Bar Stock Exchange:

"ihe former practice of using. foreign exchange instead of. gold.

asthe Gold. Mat" Stock Pituttons and residents have become fant of ice auh" oulntendine postal problems is the of. only is. at, variance withthe principle on which the ex: Shange is lusted, bu has permited the Exchange tobe. ullized for fmenipulaions 8 nserupulous spe: fulstors For' the' purpose Stablilsiag tne market, you are hereby instructed Immediatey'to order the Gold Bar Store Exchange that effec five from the date of receipt of this order the eto" of all strone actions must be made in gold'and ne foreign currency." ransacion entered Into before the aforemention-Sd" date may Se seed according to the terms of the Feapestive contracts "the sotiement in fold shall pieced in charge of a lneneas Be a Exchange. ame "als, order has also. been_ com rmonleated fo the Mini of todus. dee fla ie See Decision Reached

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

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