BRITISH FIRMS FAIL
war creates money CRISIS IN CHINA REBELS’ VICTORY OVER NANKING Kecd. 9.5 a.m. SHANGHAI. Tues. Silver today is at a new low level. The tael is quoted 20 7-Bd. The bankruptcy papers of several British firms are already filed and the situation is believed to be hopeless. Shanghai is enormously overstocked with silver and the warfare is preventing its distribution in the inTelegrams from Peking confirm news of a substantial northern victory against the Nanking forces in the neighbourhood of Kweiteh. Apparently the Nanking reverses are the result of the employment of rebel reserves, which are believed to consist of highly-trained troops. Marshal Feng-Yu-Hsiang is equipped with the latest armaments. Nanking is throwing the whole weight of its army into a general offensive. and it is reported that it has had disastrous results on practically every front.
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Sun (Auckland), Volume IV, Issue 983, 28 May 1930, Page 11
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140BRITISH FIRMS FAIL Sun (Auckland), Volume IV, Issue 983, 28 May 1930, Page 11
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