London, July 19.
Commenting on the fresh slump of the Chinese dollar, the "Financial News" today says the fact that the dollar has been allowed to slide a second time after so short an interval strongly suggests that the resources of the Anglo-Chinese Stabilization Fund are virtually, if not entirely, exhausted, It now remains to be seen, it adds, whether Great Britain is prepared to give further support to Chinese exchange.
Chinese and British financiers here are mostly mystified regarding this further fall in the Chinese dollar, though it is generally admitted that the dollar must be allowed to find its own level.
What this level is, however, is a matter for speculation, and will largely depend on the political and economic course of the China war.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.