Shanghai, Apr. 21, vent in favour of! the plaint= its was given by the First Special District Court after hearing a. civil faction brought against the Chung Hwa Steel Products Company, Ltd, of Shanghai by Messrs, E. T, Raban Sons of London, The plaintiffs were represented "by Mr, Paul Premet.
The claim was for payment of invoices covering various supplies of straw hats, which were contracted for in sterling, The defendants claimed that they should be allowed pay the account in Chinese the Chinese Government "The defendants all tone in. China could sallsty an. obligation in any other currency than Chinese national currency, anc it) the Chinese Government' hi determined an oficial rate of change between the local Chines dollar and the pound sterling, that rate should apply.
Mr. Premet claimed that since the ligation was taken In pounds sterling, the debtors have to pay. pounds-sterling no matter what the retent rate of exchange is. Judgment was awarded in favour of the plain tins, Second Special Court
Text read from the printed page and cleaned; old type leaves the occasional error.