The Archive · 1939

Hua Hsing Notes

Shanahal, Oct. 15.

Chinese bankers in Shanghai have started a form of mutual supervision system by which none of then will be allowed to deal in the Hua Hsing demand for such notes has been increased, necurditg is stated that since Septensber 1 the Customs. superintendent in Shanghai, a "Reformed Government" appointee, officially announced that as from that date the Customs urics must" be. paid on" the basis fof the Hua Hsing notes the demand for such notes lias been increased, More people than before have ap: proached native banks to purchase them.

The bankers have been notified by their association that they should not dear in these notes. The Ministry. of Finance in Chungking has also {ssued! similar orders to local Chinese bankers. As a result' bankers. have begun mutually checking each other.

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

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