ANKING in China is largely a question of exchange and the finance of oversea trade. Time was when silver was the predominant factor in practically every operation.
Now, apart from the silver held in some of the banks in Tientsim—itself a sore point of dispute between the Chinese and the Japanese—the country is divested of silver, which has now been demonetized for some years, states W., F. Spalding in the "Financial Times" of May 20.
Text read from the printed page and cleaned; old type leaves the occasional error.