CHAOTIC CHINA
FINANCIAL PANIC • THREE PROVINCES AFFECTED. EXECUTION OF BROKERS. NATIVE FIRMS SUSPEND PAYMENT. (Frew Association—By Telegraph—Copyright ) SHANGHAI, February 17. An economic crisis and a financial panic reign in three of the eastern provinces controlled by General Chang Tsolin, owing to the depreciation of currency. Chang attempted to remedy this by arresting and executing a number of leading exchange brokers on charges of upsetting the money market. The root of the evil is the reckless unrest caused by the issue of notes which are forced upon the population for the purpose of buying war supplies. The notes are worthless. Nine hundred native firms have suspended payment in the last two months.—A. and N.Z. Cable.
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Otago Daily Times, Issue 20337, 20 February 1928, Page 9
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114CHAOTIC CHINA Otago Daily Times, Issue 20337, 20 February 1928, Page 9
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