Peiping, Mar. 9.
With the completion of all preliminary arrangements, the "Federated Reserve Bank" of China will be opened for business here to-morrow morning. The inaugural ceremony will be held on Friday.
Simultaneously, a branch of the bank will be opened in Tientsin. Other offices will soon be opened in Tsinan, Tsingtao, Shihchiachwang, Teiyuan and other important towns of North China.
Beginning will be the sole legal Eventually, they will replace all other currency at present in circulation, While no official statement has been issued, Domei learned that about $60,000,000 of banknotes will be placed by the new bank in circulation during the next few weeks.—Domel.
Text read from the printed page and cleaned; old type leaves the occasional error.