The Archive · 1936

Tientsin Charge Against Banks

Attempt to Export: Silver to Shanghai Alleged Tientsin, Feb. 21.

An alleged attempt to smuggle silver out of Tientsin by several Torelgn banks was frustrated by the Yocal" Customs yesterday. The discovery was made in the morning. about 8 o'clock, when Customs inspectors found 9 large quantity of silver on board several Shanghalbound steamers, without leences for such shipments. The silver was detained a itali When question ipping ofcials declared the silver was being shipped to Shanghai to be exchanged for legal tender notes. After detaining the shipments, the Tientsin Municipal Government Immediately notified the various foreign banks concerned to the effect that silver could be exchanged for legal tender notes in Tientsin, As a result, the Chinese Chamber of Commerce and the various Chinese banks are ce-operating in measures for the prevention of the outflow of the white metal from the local market, —Contral News.

Text read from the printed page and cleaned; old type leaves the occasional error.

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