Imports are Approved Chungking, July 5.
Closely following the announcement of a prohibition against the importation of a lengthy list of luxuries, the' Ministry of Finance has announced important new regulations governing the application for foreign exchange by importers, The text of the new regulations is as follows:—
1. Importers of goods that are not prohibited but are essential may apply to the Exchange Examination Committee at Chungking for exchange; 2. Applicants shall fill out a form giving the kind of goods, quantity. price, origin, port of importation and destination, together. with the necessary evidence. Applications may be sent directly to the Exchange Examination Committee at Chungking or forwarded through banks; 3. When the exchange is granted, the Exchange Examination Committee shall issue to the applicant a special exchange permit, the duplicate of which is to be given to the Bank of China or Bank of Communications, as designated by the Committee to issue the exchange; 4. The exchange will be furnished by the Bank of China or Bank at Communications at the official raíés, but the applicant shall pay a charge equal to the difference between the official rates and rates to be announced from time to time by the Bank of China and Bank of Communications; 5. The special exchange permits shall be returned to the Exchange Examination Committee for cancellation after the exchange has been delivered; 6. These regulations shall supersede the regulations of March 12, 1938, and subsequent amendments. They will take effect from the date of promulgation (July 4).
Text read from the printed page and cleaned; old type leaves the occasional error.