The Archive · 1939

Regulation Abused

Since October 8, 1938, all persons anting to exchange Japanese money or foreign currencies in order to efray travelling been limited to Y n permission by the Mi nance to exchange large and they have had to sign a statement '0 the effect that they are not chang-more than Y.1,000 into foreign bank notes. The way the system has operated, according to local banking circles, an additional Y.1,000 has been allowed in either travellers' cheques or in a circular letter of credit It is because the regulations have een abused by persons securing funds at several banks that the new requirement of writing the amount and date in the passport has been effected. This will make it impossible to obtain more than the legal amount. In addition, each bank, as it issues foreign ex-hange to a traveller, will make a rote of his name and passport number.

In general, in order to prevent travellers to Shanghai from obtaining by announcing a false destination, reliable banks are issuing foreign currency only to persons known to them those introduced by known persons. In case of doubt, they sometimes ask to see the steamship ticket of the ma Feels Strong Earthquake

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

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