Hongkong, Mar. 15.
Hongkong today faced the threat of rising commodity prices as the the decline of the pound sterling on the Ameren donee fe Rear yes ibe New York market The official quotation of the Hongkong and Shanghai Banking Corporation closed yesterday at U.S. 22% for HK$100, in contrast to the rate of US$24/ for HK$100 on March 4.
For the first time in many years the Hongkong dollar was also, quoted below the Japanese yen, causing local Japanese business men to fear that imports into the Cólony would fal off, although exports to Japan would be facilitated. Yesterday's closing rate was Y96% for HK$100. On March 8, the rate was Y103 for HK$100.—Domei.
Text read from the printed page and cleaned; old type leaves the occasional error.