The purchase of gold by China from the United States of America in July last receives special mention in the August bulletin of the National City Bank of New York. The deal took place almost at the same time as the Government of Brazil had engaged Washington in a similar transaction. The bulletin observes:
In the case of the deal with China, the operation took the form of an exchange of gold gold reserve "to accord more nearl international value of the yen." The notes that the value of the currency is not affected but a profit of Yen 800 million is calculated. From it additional gold is expected to be available for eż- port in support of yen exchange now under The prospect of large-scale hostilities in China. had not apparently impressed itself on American. observers at the time that comment was made.
Text read from the printed page and cleaned; old type leaves the occasional error.