The Archive · 1936

Money Reforms in Kwangtung

Local Bankers to Inquire Into Situation

Shanghai, July 21, Messrs. Tang Hsou-ming, General Manager of the Bank of Commun-feat ions, and Mr, Tsuyee Pel, mana ger of the Bank of China, Have Been commissioned by the Central. Government to confer with the Canton lal authorities on questions relating to financial and monetary read justment in Kwangtung, the Central News Agency learned' from local Gnancial circles yesterday.

Interviewed, Mr. Pel confirmed that had been entrusted with such mission, but added that he had not yet decided upon a definite date of Geparture for Canton.

Conerete plans for the readjustment of the currency system. in 'Kwangtung which is now the most urgent problem awaiting solution following the liquidation of the milita: y situation there, according to Mr, Pel, are, still under consideration of the central financial authorities. How' ever, Mr, Pel pointed out, the read-Justment' would be made on principles which will not be detrimental to the social economy and people's livelihood of Kwangtung.

Contrary to previous press reports that Mr. H. 0, Tong, Superintendent of Customs in Shanghai, has returned here from his recent mission to Canton, it is learned from Mr. Tong's residence that he is still in Hongkong and has not yet decided when return northward,

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

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