The Archive · 1940

Coin Supply Shanghai Mar

White the sail money problem inhale been sted to. leat"eutnt through the continuous Ecuiton of newly-tinted. cent See me Genta Banik of China. Cites reports indicate ta the Sensi, problem may nat Bother the Prue ieee "any more. a8 new weet tains are also beginning. to How'inothe ety. the nev coins of one, fe and 10 denominations were tainted BY the entre Mint under Chongines tramsgernent ta from January 1 they ere steady elute In Tae twee in aitts nto Chinas or" ave, eon brows Ennai but of Tate such ear ined of several kings of metals. wih SSppor constituting 58" per ent of See cant nave Been aeon" Iminy 'Chinese stops, sey wil be sent to Shanghai in' large numbers It is stated that authorities Chungking have changed the weight of the new coins so that they may hot be made use of by. profiteering merchants who have been found selling the metals after melting them. Two such merchants were recently sent {0 prison by the First Spectal District Court "in Shanghai for melting copper coins.

Since the outbreak of hostilities in Europe, the supply of nickel in has so limited. that its price has jumped up considerably. To. prevent, people from melting them Chungking has seen ft to stop the circulation of the old nickel coins and to ord int to make new ones in which the weight" the valuable metal has been reduced,

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

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