was Our Ows Conarsvonorr Canton, Nov. 18.
The Provincial Government issued another manifesto treating of the exportation of silver was posted about town yesterday whosoever is adjudged guilty" of the crime is to be most severely punished, and the tone is such as to suggest that in flagrant, cases the offenders will be executed.
Three smuggling suppression vessels have been detailed to guard the 1p-roaches to the Chungshan District, five will lie off the shore contiguous to Swatow where two armed boats already are on duty. Shameen is the focal point in the heart of Canton into which those who are seeking to export silver are trying to spirit it. On the east side, near the Frens Bridge twelve guards are on watch, ike number close to the British Bridge. About a dozen are patrolling the Huangshan area, with a scattering of Treasury agents roaming along Shake Road and the Bund.tront, Searelty of Paper Currency Despite the scarcity of paper currency at the disposal of the six branch Kvangtung Provincial banks, by yesterday they had averages $800,000 each in silver absorptions, From Shiukuan, Taishan City, Wel-chow, Swatow, Shekki and Kongmoon $3,000,000 has been returned to the arent bank in Canton.
All applicants for Provincial bills have to register at the issuing bani tone day, giving up their coins and setting their banknotes the next dav. The aggregate amount involved in the registration was $4,000,000 The reserve that will be built up maintain the proper worth of the Paper currency in circulation has come from four sources. Besides th" silver that is being accumulated silver and gold bars, foreign currency and share certificate and bonds the nature of "kung chal" will make up the heavy reserve, is announced that since November 7 the amount of silver tendered to the two Government banks or ra. istered for conversion is nearly Situation en Kwangst Kwangsi, going off the silver tandard_on the 18th, confidence in Chinese paper currency was moment arily shaken. Hongkong $10 notes re at $17.50, and because the bank notes of the Bank of Kwangsi are not so abundant. a $1_ bill of the Kuangtung Provincial Bank fetches 25 cents more up at Wuchow.
Unlike in Kuangtung, the. sister province is giving away no premium bait to induce the pouring of silver: into public coffers. During two days: $300,000 flowed into the Treasury, but little of it came from other than Government otices. Altogether, there {s $20,000,000 in sliver coins of' which the public is to be relieved, and against this there exists no more than.
'$8.000,000 in paper. The deficit has to be made up by the printing press, and a rush order has been placed with British company (Waterloo) for a larger supply. It is not going to be easy as in Canton to pass the chaotic stage, and a show of force may be necessary to part John Public from his shekels.
Text read from the printed page and cleaned; old type leaves the occasional error.