London, May 10.
The further slight recovery of the Chinese dollar is attributed here to bear covering in Shanghai following the reopening of the Shanghai offices of the Chungking banks and in anticipation that the strengthened Stabilization Board will soon be able to resume active support, Eastern bankers i London believe that the Board could technically operate in conjunction with one of, the United States banks in. Hongkong, without awaiting the appointment of a United States member to the Board, bout no hasty action Is expected, With Japan increasingly monopolize ing the exports while arms purchases well imports, the trade balance disfavours the Chinese dollar, but trade does not determine currencies nowadays—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.