The Archive · 1935

British Discuss New Silver Law

Meeting Convened by the Consul-General A. representative meeting of the principal British firms and institutions Shanghai was convened on Thurs day by the Consul-General to discuss, 0 far as British subjects are concerned, the application of the recent! Chinese "currency reform to oblig tions and coniracis "expressed in terms of silver or standard dollars.

The following firms and institutions were. represented: The Anglo-French [Land Investment Company, It, the Cathay Land Company, Ltd, Central Properties, Lid, International Investment Trust Company of China Lid. the Metropolitan Land Company, Ltd the Shanghai Land Investment Company, Lid, the Shanshai Waterworks Company, Ltd, Hongkong & Shenghai Banking Corporation, Chartered Bank of India, Australia & China, Mercantile Bank of India, Lid, B. & 0. Banking Corporation, Lid. Asiatic Petroleum Company (North Cina) /Ltd., British-American Tobacco Com pany (China) Lid, Butterfield and Swire. Imperial Chemical Industries (China) Ltd, Jardine, Matheson & Ca, Ltd. E. D. Sassoon & Ca, Lid., Benjamin & Potts, Tk was agreed that the situation required consideration and that in the meantime, without prejudice to any question of law, payment of any obligations expressed in terms of Silver Mexican or Chinese standard dollars should be made and accepted by British subjects in. Chinese legal amount. rey tender notes to the same feminal Friday. and seeking refuge in the foreign, and vern. These pictures tell a vivid ory.

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

Your account