The above edict is supposed to be in force in such areas as are con-rolled by the National Government and the Shanghai Customs, it is stated, are awaiting instructions to enforce these regulations.
The Native Press in dealing with the above matter comment that the National Government appreciate that these regulations will cause some difficulty and inconvenience to export merchants but the Government propose to afford the merchants some offset compensation by substantially reducing the transportation costs from the producing areas to the ports of shipment and also to arrange for some form of State Marine and War, Risk Insurance.
Opinions among foreign and native exporters are divided in regard to the possible enforcement of controlled exchange in Shanghai. In the meantime exporters have been given something to think and worry about in regard to the effect that controlled exchange would have on their trading positions here.
Text read from the printed page and cleaned; old type leaves the occasional error.