Tientsin, Mar. 24.
The. recent announcement of the Japanese Minister of Finance to the Budget Committee of the Diet that the yen will have to be inflated has made the financial edicts of the "Provisional Government" of North China, which had announced that the Federal Reserve Bank dollar would be fixed at %d. look rather silly. The financial confusion now reigning in North China with its consequent disastrous effects on import and export business, is a striking proof of the truth of the saying "shoemaker stick to your last" The idea of in-traducing a new currency in North China originated in Army circles, against the strongest advice of the financiers in Japan. Yet what an outcry these military gentlemen would have raised, if the bankers in Japan had attempted to dictate their military strategy in the China campaign.
Text read from the printed page and cleaned; old type leaves the occasional error.