The silver coin and bullion now in ihe Bank of Communications in Tientsin shall remain in that Bank under the joint seal of the british ind Japanese Consuls-General in that cit Except as provided in paragraph 3 below, this silver shall remain under seal until such time as the Govérnments of the United Kingdom and Japan shall agree upon other arrangements for its custody. The silver shall be sealed in the presence of the British and Japanese Consuls-General in Tientsin.
Before the silver is thus place under seal a quantity equivalent to the sum of £100,000 sterling shall be set on one side to provide a fund for the relief of famine conditions resulting directly from the floods in certain areas and the drought in other areas of. North China. Such relief shall include the provision of certain machinery urgently required from abroad to drain the water from the flooded areas, thus diminishing the danger of epidemics.
The appropriate British authorities will be prepared to give all possible facilities to enable the silver thus set on one side to be allocated for relief purposes; to be sold; and to be used for the purchase of foodstuffs and other articles required for relief.
The British and Japanese Consuls-General in Tientsin shall appoint experts who, under the supervision of the Consuls-General, will assist them in the administration of this fund and will advise the existing Relief Commitíee in Peiping as to the distribution' of the food and other articles required for relief purposes. In addition to British and Japanese experts, experts of Chinese and French ñationality and one expert of another nationality shall be invited to assist in this work.
Currency B
The British Municipal Council will place no difficulty in the way of the use of Federal Reserve Bank currency within the Municipal Area.
The British Municipal Council have decided to withdraw the licences of all exchange shops not established prior to 1939. Licences will not be issued to new shops unless they are vouched for by the Native Bankers Guild and have adequate capital Licences will be renewable monthly.
Any points of difficulty which may arise in connection with the application of the measures mentioned in the preceding paragraphs will be discussed locally between the British and Japanese Consuls-General.
Japanese May Live in Concessions Tientsin, June 20.
The Japanese Consul-General, Mr. Yoshio Muto, formally authorized Japanese who wished to do so to reside and conduct business in the British and French Concessions, according to the semi-official Japanese news agency. Registration with Japanese authorities by such persons and firms is required.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.