CHINESE AFFAIRS

Hokitika Guardian, 10 January 1930, Page 4

CHINESE AFFAIRS

EVIDENCE of peace

ON CHINO-RU'SSIAN BQftDER

United Press Association*-By Electric Telegraph—Copyright.]

SHANGHAI, Jan. 9. \ There is clear evidence ,of restore- /v uon of peace on the Chinese and Rusiv' sian borders, in toi-day’s message that through railway traffic on the Chinese eastern, railway from Harbin to■ Man-' churia is being resumed and martial law has beep..lifted. Inhabitants are/ . ■ returning in thousands. Hundreds of dismissed employees of the Railway have been reinstated and formal negotiations between China and Russia will open on Jan. 25th. at Moscow, m v ~

FINANCIAL EXCHANGE . ,

EFFORTS TO DEAL WITH CHAOS?,

SHANGHAI, January 9. The Nanking Government is considering measures to deal with the chaotic financial exchange situation, created by the slump in the price of silver, bringing ruin to many foreign merchants and firms. There is panic; among exchange speculators and numerous .suicides including Szechunyu,, nephew of the Chinese Minister at* London.

Plans to halt the further importation oi silver into China are being considered hv the Chinese authorities. Officials estimate the Governments losses already amount-to ten millions. Prices are soaring locally for imported goods and hundreds of small merchants have; been wiped out. Unemployment is; spreading.