System; Generous Amount Of Coyer Said Being Made Hankow, Mar, 31.
Explaining the operations of the new foreign exchange regulations, spokesman of the Ministry of Finance said to-day that it was the policy of the Central Bank to determine allotments in the light of past experience and current conditions based on the amounts needed for legitimate requirements over and above the cover available in the market.
"It is likely," the spokesman asserted, "that a forwarding office will shortly be established at Shanghai, and means to facilitate the operation of the new system are under consideration."
The spokesman stated that the Central Bank was making generous allotments. The first two weekly allotments for Shanghai, he declared, "totalled materially more than the excess -of imports over exports at Shanghai in the first two months of this year. In fact, the allotments for all China in the past two weeks have been nearly as much as the excess of imports over exports in an entire month for all China based on the average of January and February.
"Furthermore, the allotments exceed amounts that were being sold by the Central Bank a month or two ago before the adoption of the present measures "It is these facts, rather than the alleged percentage of large sums that may be asked for, that are of vital The Japanese Government had promised to give early consideration to the representations on Chinese Customs made to them by the British Government, said Mr. Butler in reply to Cmdr. Arthur Marsden, Conservative member for the Chertsey division of Surrey, who asked if Mr. Butler was aware that there was a general feeling that the Japanese Government was holding up assurances regarding the maintenance of the integrity of Chinese Customs, while "their goods were entering Shanghai duty-free, to the detriment of British trade."
Hankow Recognition Mr. Arthur Henderson, Labour member for the Kingswinford division of Staffordshire, @tew attention to the announcement by the Japanese Government that it no longer rexz cognized the Chinese Government at Hankow. He asked whether this would affect British recognition the Chinese Government and when ther assurance would be given that the British diplomatic representative Mr. Harold Porter
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