The Archive · 1940

No Recovery Expected

New York, May 1.

That the recent slump in the vai of Chinese currency was far mot disastrous than has been reported, and that the Chinese national currency is likely to keep falling, were opinions expressed toda; Significance was attached to a port carried by the "New York Times from its correspondent it Chungking yesterday, in which pointed out that officials of the Chiay Kai-shek regime, are daily hold meetings to work out measures tide over the present financial clit Prices in Chungking, according {he correspondent, have increased per cent.

The "New York Times" report ai stated that the weakness British pound sterling and the haustion of the Anglo-Chiveg Stabilization, Fund factors in the sharp decline of Chinese dollar.—Domel, fs leaving Chutt capital of an on a tout of inspection of Jaw courts in that province, says Chungking message' 10 the: "Sh Wirt a capitalization of CNS1,0t-000, a party -of enterprising Chine from Honolulu have organized lis development corporation to. redia Jands and promote agriculture in war-torn areas of North Kwangtst says a Shaokwan message Sin. Wan Pao.

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

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