THE CRISIS IN JAPAN.
BANKS MEET ALL DEMANDS. CONFIDENCE RESTORED. ' Australian and N.Z. Cab! Association. (Reed. 5.5 p.m.) TOKIO, May 27. The banks have met all demands. Public confidence has been restored, and the run on the banks has ceased. Before this was brought about twelve branches of tie Seventy-Fourth Bank and the Yokohama Savings. Bank suspended payment. The former institution is heavily interested in silk and cotton transactions. FOREIGN GOODS REFUSED. CONGESTION IN WAREHOUSES A. and N.Z. • CHICAGO, May 27. The Tokio correspondent of the Chicago Tribune states that the warehouses there are glutted with millions of dollars' worth of goods imported from abroad, which Japanese traders refuse to accept, owing to trade depression. The same conditions exist at Kobe, Osaka, Nagasaki and Yokohama.
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New Zealand Herald, Volume LVII, Issue 17483, 29 May 1920, Page 7
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125THE CRISIS IN JAPAN. New Zealand Herald, Volume LVII, Issue 17483, 29 May 1920, Page 7
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