If Demand is Refused way Japanese forces, other reports claimed, have now driven a wedge southeast from the railway to cut off the retreat of Chinese moving south from the Kiangsi-Hupeh border.
Tokyo, Nov. 5.
Adopting vigorous strengthen its control Chinese banks in North China, the Federal Reserve Bank demanded that they ce-operate in popularizing the notes of the Federal Bank and hand over silver bullion held by them in the foreign concessions of Tientsin, according to a press message m Peiping this afternoon.
1f the banks fail to comply with the request the Federal Reserve Bank will lift a moratorium which was granted by the old regime in Peiping following the outbreak of the Sino Japanese hostilities in August of last year, the message stated.
The moratorium has been observed by the "Provisional Government" to prevent a run on Chinese banks, the message added. The moratorium provides for maximum weekly individual withdrawals of deposits amounting to $200 at Peiping and $150 at Tientsin.—Domei Mr. Chamberlain
Text read from the printed page and cleaned; old type leaves the occasional error.