Tokyo, June 20.
An agreement, by which funds owned by the Central Reserve Bank of Nanking abroad will be signed by Mr. Chou Fo-Hai, Nanking Finance Minister and Governor of the Central Reserve Bank of Nanking, and offi-dals of the Yokohama Specie Bank.
Tt was explained that "free yen' applies to those yen funds which are free from the rigid exchange control regulations enforced by the Japanese government.
Financial circles here declared that as a result of the agreement, funds owned by: the Central Reserve Bank abroad will be guarded against future Auetuations of the United States dollar and the pound sterling, and moreover against the possible exten sion of the United States freezing order, the management of such funds, an understanding already has been reached with the Japanese authorities whereby these monies will be free from exchange control re-
Grand Total 107
Text read from the printed page and cleaned; old type leaves the occasional error.