The Archive · 1941

Rates Abolished

'As from October 1, by a decree of the Ministry of Finance, the Central Bank' "merchant. rates" have been abolished. In. future, the Central Bank will dear in foreign exchange at only one rate, which will be fixed daily "by" the" Chinese. Currene) Stabilization Fund Committee, whet comprises one British, one American and three Chinese members under the chairmanship of Mr. Chen Kiwan-

In future, all: Government Ofc merchants ud individuals. can obtain foreign exchange at the oftelal rate jolt application is approved by the Government,

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

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