Regulations Issued by Peiping Authorities Peiping, June 21.
The Ministry of Finance has issued a circular order to the various provincial and municipal administrations concerning the exchange of damaged Federal Reserve notes for new notes.
Notes that retain three-quarters of their original size and those with signatures and serial numbers intact will be exchanged at par, says the order.
Notes that are smaller than three quarters of their original size but more than one half will be exchanged at 50 per cent, discount and those that have been damaged by fire, water, grease and are only half their original size will not be exchanged at all, it is added.—Reuter,
Text read from the printed page and cleaned; old type leaves the occasional error.