“SILVER BULLETS.”
CA NTONESE TACTICS. SHANGHAI. July 14. The Nationalist Government at Nanking lias placed an embargo.on the export of silver from Shanghai. It is reported that the Nationalists, intend establishing in Shanghai a. hranch of the Central China Bank whose operations at Hankow have practically cornered all the silver i,i that port. _ The notes with whi hj the silver is being replaced arc now at 40 per cent, discount, and consequently it is feared that financial disruption isinevitable hero in the course of a few months. I he whole secret of this Iren// id finance is that the Nanking Government’s expedition against the Northerners is costing 20,000,000 dollars £2,000,000) a month in order that Chians* Kaishek can buy his way in furtherance of his feverish desire to reach Pekin, but it is damning the Nation Tists in vhe e.tt, of -i wretched pejj.e >• kc are groanng under the imprec'de nted taxation.
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Dunstan Times, Issue 3360, 15 August 1927, Page 8
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152“SILVER BULLETS.” Dunstan Times, Issue 3360, 15 August 1927, Page 8
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