The Archive · 1938

Extent of Reserves

While the Bank's reserves now clude $60,000,000 worth of silver, the officials said every effort will be made to acquire domestically produced gold. The credits of Y.100,000,000 put at the disposal of the Reserve Bank by a Japanese banking syndicate will not be used for the time being, it was indicated.

The balance of trade between Japan and North China, it was pointed out, can be readily adjusted by increased exports of coal, r cotton, and iron ore, to compensate for the anticipated increased imports of Nippon-made goods.

Text read from the printed page and cleaned; old type leaves the occasional error.

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