In case of alternative currency clauses, where one of the alternative ly" due obligations is Chinese currency expressed in terms of silver, (example: -z US, Dollars, or y Sterling, or Taels at, the option of the creditor) the Government decree can only have the effect of invalida ing the terms of silver but would certainly not deprive the creditor of his option to demand payment in US. Dollars or y £ Sterling. Simierly gold clauses are unaffected by. the Government measures.
Chinese law like other laws is in principle based on Nominalism which means that the law dect'nes to admit 2 claim on account of the fall in the Value of a unit of currency occurring In the interval between a certain transaction and the date when a sum_ due under this transaction become payable. 7
Text read from the printed page and cleaned; old type leaves the occasional error.