University, is gathering monetary and commercial data for the Treasury in China, Me. Morgenthau said, while similar service ts being performed Belgium by Mr. Henry L. Shepherd an "economist.
Dr. Harry White, monetary expert, already en route to. Washington with a mass of material collected in Europe for the Treasury. Mfr. Morgenthau set at rest rumours that Dr White had been engaged in actual stabilization negotiations with Euro-bean Governments, declaring thal none of those at present engaged in fact-finding efforts for the Treasury have been authorized to. undertake any negotiations—United. Press.
Bullion Excluded from New Order Wasnington, May 22.
Inguiries at the Treasury to-d elicited the information that the recently imposed embargo on the importation of foreign silver coins {Into the United States does not apply {o silver bullion in any respect.
The text of the embargo order, it was stated, shows clearly that the Teessury will not require any certify cate or any other proof that silver bullion imported into the United States had not formerly been used as] money.
The United States Treasury, it was stated, holds that it, is up to foreign Souniries themselves to take necessary measures to resirlet exports of silver bullion derived from coins.—Reuter, Japan-Manchy Move Tokyo, May 23.
Financial circles to-day were discussing the practicability of establishment of a joint Japanese-Manchoukuo bank, auttiorized to issue gold certi-Aeates, as a means of stabilizing the exchange between the two countries: ahd protecting joint enterprises, against fluctuations resulting {rom changing silver prices.
Some financial experts point ous that such a move would at least tend further to free Manchoukuo currency from the influence of Chinese sliver, United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.