ORTH China will be divided Peiping, Mar. 9. into "Reserve Banknote zones" and a "bandit zones", according to the state of peace and order in various areas, official circles revealed today.
A "Provisional Government" ordinance provides that old legal tender notes issued by banks under old regimes will be banned from circulation and become invalid on March 11, Some difficulty is expected to be encountered in circulating Federal Reserve Bank notes in those areas where bandits and guerillas are still active, wrod which may cause some inconvenience in enforcing the currency ordinance throughout all of North China As a transitional measure the new legal tender will be circulated in those zones where peace and order have been completely restored; those places will be termed "Reserve Bank~ Rote zones," while areas where Guerillas operate will be called "bandit zones"" where the old bank notes will be left to circulate, omeials announced.
The "Reserve Banknote zones" will include those areas near the principal North China cities where the headquarters and branch offic of the Federal Reserve Bank established. Peiping, Tientsin, Tsingtao, Tsinan, Shihchiachwang, Tangshan, Taiyuan, Chefoo, Shanhaikwan, Linfen and Sinsiang will be included in the "Reserve Banknote zones."
The "bandit zones" will be gradually merged into the "Reserve Bank. ele zones" og soon as peace and order are re-established—Domel,
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