China

Stratford Evening Post, Volume XXX, Issue 35, 16 May 1916, Page 6

China

(ll'ece'ived 16.45 cm,).; ; . ~ Oespite/the t% ■holders of tholiank.ef China declared tJn=y would continue the business. This umiuestwnabjy/ prevented an unparalleled panic as there had been a run on the bank since Thursday, crowds of iutiivcs besieging ;the premises and <<!7Ki,rtmg notes into gold. Foreign banks are_asjsisting,,.aud.the..commercial situation is good. it is recognised that thV crisis is due to political causes. The moratorium >vas u^JW^lJi' o c'om4?iftJ»^.: as >'i* n . ; will QUESTION OF THE PRESIDENCY. (Received qi>|\-|t»s»1 I'./fts Peking, Mw 15. ; Three proposed discuss the presidency, a&U'Qt jjiajucb. the Itiyal provinces will be represented. Fo t: r SQ.to«i^rt#W'WWi'Mv tfeiiver/ipSBH claimed dent, though he is now at Peking under the fchuj#b; of .the Oovernwmt. The djelay it: raajMi'i^i| l jfff!.t^aaeklh,fea«iTi , e«r> siduvl iis enliaunating in l}{\> Cabtttet proclaiming tlie notes of- tft'o "overnrnetot bttlikfi inconvertible at three institutions, upon —ri v ., custoins^^ajtj^jnd. £. radiva"ys. These must accept the note?, which :ue temporarily worthless for tlie purpose of foreign remittance.