Writers of the report said they understood that China's managed exchange system "continued to operate satisfactorily despite the tremendous upheaval consequent to the outbreak of hostilities."
The report explained that silver dollars no longer circulate in China and therefore predicted that "should circumstances arise to create doubts in the public mind regarding Chinese banks or currency, they would likely develop a greater demand for foreign exchange* than for silver for hoarding purposes."
China's shipment lof silver coins London, the report stated, pro-ably was for the purpose of provid-g "a source of funds—possibly inst such a contingency—but more probably in anticipation of an increasing financial strain because of current military operations.
Text read from the printed page and cleaned; old type leaves the occasional error.