Banking circles are much upset by the prohibition of the Hongkong Government to the effect that people may not buy more than C.ML$1,500 at tone time in the absence of proof that Jsuch currency 1s necessary for bona fide. business transactions, Chinese bankers and merchants consider that this 4s a restriction on trade and will shortly petition the authorities to rescind his measure, 'Why this limitation is imposed is not exactly clear except that the Government does not. want speculation in Chungking dollars, which fluctuated too often during' the bust several weeks. Another reason is, that there has been some demand for Chinese dollars in Shanghai, where it is sold at a. higher rate than in Hongkonge Stabilization of Chinese currency would be favour able to the National Government, Many people in Hongkong in close touch with Chungking are able to manipulate the currency and make the rigid prohibition of these commodities by the Chungshan county government, The new. magistrate, Mr, Wu Fai, 1s obeying the order of Gen. Li Han-yun, Chairman of the Kuangtung Provincial Government, General Chang, long a follower of Mr. Sun Fo, President of the Legis lative Yuan, is now in Hongkong on retirement, although he may ake a fying trip to Chungking to see Mr. Sun, People in Chungshan used to buy' many Japanese goods, as they are cheaper than those from Europe ud America. Many local firms are doing well by shipping such imports into free Kuangtung, while Chairman Li Han-yun is doing his best to on-force the boycott.
Text read from the printed page and cleaned; old type leaves the occasional error.