To the Editor of the "Nontn-Ciuwa Dany News"
Sm—The attention of the Trust and Committee of The Lester Chinese Hospital has been directed to a otter in today's issue of the "North-China Daily News" signed Syaarueric, pleading "for the rebuilding of the bungalow on the Hospital's property on Hungjao Rod.
Those responsible for the admin of sirioner sian. the. proven of binned Eiloes ae Rote ation or ie expert and Tag that" asters of chine eet dhs Safange acton Seeded" ty ce tumots women: Schur *erine® dines "nosey Sa" Tainah a aod" by venous Sel its Sines ames Grad "se fa, simply Nae tang et aaa one SONSS sig peti over one Nang Cuency pesien dis MOR ge Cla om Ad infinitum.
Tt goes without saying that there should be adopted with the least pos~ sible delay a standard name for the Chinese "currency. The Chinese Dollar, or Yuan in Chinese, should have @ uniform name in abbreviated form, commonly and unmistakably understood by all foreigners. For instance, the Chinese Maritime Cus toms office uses the Customs Gold Unit (or C.G.U.) for imports into China and the standard (silver) dollar (or St. $) for exports from China.
Latterly, 1 happened to come upon 'a scholarly treaties on Chinese cur Feney. 'The' concluding remarks of this article throw a ray of new light on the subject under discussion. To quote: "The national currency unit of China today is the Yuan, or the Chinese dollar with its fractional Unit called Fen, or the Chinese cent. ".+, With the Chinese currency units of Yuan and Fen in mind, it seems in order to suggest that the Chinese dollar should have a definite name and symbol known and recognized in China and abroad.....t is here recommended that the "Chinese dollar be represented by "Chinese dollars' (Yuan) or its symbol "C$," such C$1,000.25\ or 1,000.25 Yuan or other name or' symbol that clearly describes the Chinese dollar 35 China's national currency and monet ary unit." (From Shen, LY, Chinese Currencies: Old and New; the Central Bank of China Bulletin for September, 1938).
In my humble opinion the candid view of this Chinese: economist Dreclgatvaiue (0 alt wore of Chin-fee currency. Tt stems 2 great pit that" China' recent efforts at_"the unification and standardization o¢ her currency "should. be 30. earclessiy misrepresented "by. the" mulliplilty of unauthorized names of the Chinese dollar freely coined and' Ieresponsibly employed by foreign writers Chinese currency. exchange and finance.
T cannot too strongly urge all foreign writers, "bankers, travellers and residents to use as the standard symbol of the Chinese National Currency—the Chinese dollar, or Yuan in Chinese language whose value, it is hoped, will soon be stabilized to the full bennet of all parties concerned. The widespread employment of "C$" for Chinese dollar among foreigners in connection with China's foreign trade and international finance will, doubt, add a new colour of stability to the Chinese monetary standard, Dottars Axo Cexrs.
Shanghai, Aug. 25.
Text read from the printed page and cleaned; old type leaves the occasional error.