for Wei-wah or transfer money have been issued, according to Finance & Commerce. The second clause of these regulations importance, as it should assist merchants to re-start business, in that Wei-wah cheques issued in payment of merchandise, represented by necessities, will be honoured in cash, The Chinese merchant has to request his bank, on which the cheques is drawn, to' submit his request in writing to the committee of the four Government Banks, who meet daily at 8 am. for sanction. In the case where the goods are necessities, the request will most likely be prom-ply granted, provided it is not opposed by the bank sending it in. By this means local trade may soon be put in motion again by.converting Wei-wah money into legal tender The regulations are as follows:—(1). With the exception vf cheques on themselves, the four Government Banks shall not accept, cheques on other banks, which are Wei-wah, for opening new accounts or for making additional deposits in existing accounts.
(2). In case Wei-wah cheques are presented by merchants in making payment for cargo, these cheques must be accompanied with Bills of g or other documentary evidence and bank certificates, and after careful examination by the four Banks, they may be accepted.
(3), Foreign) banks 1 open Wei-wah cheque accounts with the four banks, but these accounts are subject to' withdrawal by cheques only which remain as Wei-wah. Withdrawal in the form of bank notes (Legal tender) cannot be made.
(4). Wei-wah cheques presented to the four banks by the Chinese Clearing House are to be handled as usual.
Text read from the printed page and cleaned; old type leaves the occasional error.