One currency reform in China which is tardy in arrival is the abolition of the small charge exacted by money exchange shops for converting, at proper rate of exchange, legal fender into smaller denominations. When a depreciated subsidiary currency was in existence this charge was covered by deducting a few coppers from the total. When paper currency for smaller denominations was introduced, in spite of the Chinese Government's order that it was to be accepted as legal tender was impossible to obtain one hundred cents change, in whatever denomination possible, for a dollar without paying four or five coppers for what the money exchange shops termed a "service charge." Now that a standardized coinage in nickel and copper has been introduced, and its popular appeal is illustrated by the ong queues outside the Central Bank during the week of people desiring to change paper into a more substantial form of coinage, these shops continue to profit' by a few coppers on every dollar.
Text read from the printed page and cleaned; old type leaves the occasional error.