Dairen, Nov. 13. made in yuan, but all payments by the Another important move in. Man-Company are to be made in gold choukuo's monetary reform program notes. me is to be inaugurated with the pro-'Compensation for Bank miulgation and enforcement of the Mr. Naoki Hoshino, Director of the Government's foreign exchange con-[General Aifairs Buseau of the Mantrol Jaw, which Kokutsu, semi-oficial Jehoukuo Treasury Department, Is. renews agency, declares may be effected within the year. ported as having said that Manjehoukuo will regard the Bank of No official announcement has been Chosen as an ordinary banking in-received here from Hsinking regard~ stitution after Its banknotes have been ing the possible contents of the profeompletely, though gradually, with-posed law. Kokutsu ventures to ex-[draw from elzeulation in the country. ress the pellet that It may (1) pro-'As to compensation for loss the Bank hibit speculation and (2) limit circula of Chosen is to suffer for withdrawing tion of foreign currency in Man-Tis notes, Mr. Hoshino said a workchoukuo yuan.
"In enacting the law," Kokutsu fable plan will be considered, just, sures, "special care will be paid to the plans are being worked out amicably peculiarities of the financial condition fo settle possible frictions that might the country, namely the circula-develop between the Bank of Man lon of foreign currency and the in-fellow and the Bank of Chosen.
"The Manchoukuo Government has separable relations between Japan and Manchoukuo." expressed through its spokesman the The Tokyo correspondent of the hope that the Bank of Chosen, prom {nent leader among. financial circles ~Manshu *Nichi-Nichi," local vernal cular, reports that the main points in jin Manchoukuo, "will make further the projected law may include (1) the Jefforts to contribute to the economic Jdevelopment of the country by putting equalization of the Manchoukuo yuan to further practical use its credit and and the Japanese yen: (2) the enforcomient of one standard currency jexperlence and also by ce-operating Intimately with the Central Bank of throughout' Manchoukuo; (3) the maintenance of the yuan-yen parity
Text read from the printed page and cleaned; old type leaves the occasional error.