No official explanation has yet been riven for the decision to change the ffMeint dollar-sterling rate to 43d.
"The only announcement of the decision was inthe form of a..small advertisement appearing" in thi morning's "Central Daily News, affelat organ of the, Covernment Which probably" missed the majority of people, 'One foreign source close to finan cial elreles. expressed the opinion That the decision might be an attempt to benefit private exporters Who have hitherto' been unable to compete with Government concerns fat the previous official rate, In reply to a query by Reuter, a spokesman of the Ministry of Finance morely stated: "I am authorized to confirm your information, namely that beginning from today' (August D)"the so-called commercial rate of Tientsin, July 30.
Obscurity of import restrictions is causing. grave apprehensions among foreign business circles who have not been furnished with details to date, 'A considerable amount of cargo. tied up on the Bund. not passed the Customs authorities, who are demanding permits. which are not {fortheoming "despite applications to the Federat "Reserve Bank, it is learned.
Among items so far believed to] Bald Loco have been banned from import are automobiles, trucks, spares,—photo materials, canned loods, perfumes and Bend ceameties, sanitary ware, heating Bet Doilers, radiators and others, "The total value of exports from!
North China, including 'Tsingtao, 1s} estimated at' USS2000,000. a month. Bud Sea eae ceria moat gine core iGo °30. °50 Geisnese, 29: "23 EnaweN@ +30] "39
Text read from the printed page and cleaned; old type leaves the occasional error.