The Archive · 1934

US. Mails Tackled

The 600 bags of U.S. mails brought here by the Dollar liner, President Jackson, on Tuesday morning. last, were among the first few piles of accumulated matter tackled by the employees. Instead of returning home at 1 am, they remained in the various departments to 4 am. fon Saturday, when all the registered Ielters and those from America forted and a number of ordinary Ielters distributed.

The Head Post Office continued to be the "scene of unusual activity throughout the day on Saturday. Truckioads of mail bags continued to pour out of the compounds of the Post Office building in the afternoon. Whereas between 1,000 and 1,500 bags of mail matter were distributed among the outgoing steamers during the past few days, more than 3,000 bags were despatched through the various steamers which left Shanghai that day. The outgoing trains also carried much more mail matter esterday than they did during the last few day:

spokesman of the postal organizations stated that all what are Toft over for the workers to clear off was some printed matter.

Directors and brokers of the Gold Bar Exchange met yesterday to discuss the Ministry's order. After Tong discussion in' compliance with the Ministry's order prohibiting the former privilege of "set-offs" in for-

was decided fo adopt a new standard currency onthe Exchange for "set-off" beginning October 15. This decision wae sanctioned by Mr. Jian Chen, Government supervisor of Chinese' Stock Exchanges, who is concurrently vice-Governor of the Central Bank.

Several prominent Chinese brokers, interviewed by a representative of the "North-China "Herald", stated that London sterling. or in other words, the Customs Gold Unit basis, is the new standard which will re-Place the present standard—the American dollar—beginning October 15. With the inauguration of the new basis, it was pointed out, the Price.of the Customs Gold Unit, Set by the Central Bank every morn ing, will form the standard.

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

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