Hearing to be Resumed in Court To-morrow Forced to Lie Down For Judiciary enquiry into recent transactions on the Chinese cotton yarn market is expected to be resumed tomorrow when several new witnesses are to be questioned by a procurator. Mr. Wu Chitaing and Mr. Sheng Sheng-yi, officials of the Ministry of Finance, detained in Nanking in connection with íhe investigation have also been summoned to appear in court.
Following the personal investigation by Mr, Tsou Lin, Vice-Minister of Finance, which ended with the signing of a statement by brokers of the Chinese Cotton Goods Exchange absolving the two officials from complicity in speculation, the Bureau of Social Affairs and an official of the Ministry of Industry conducted a further enquiry on Tuesday when the brokers were required to go to the Bureau to answer questions relating to market and monetary transactions.
The fall in prices of cotton Yarn has meanwhile caused anxiety among proprietors of cotton mills. At a meeting, relief measures were discussed. It was said that those who had sold short are now manipulating the market, taking advantage of the Government enquiries.
Text read from the printed page and cleaned; old type leaves the occasional error.