The Chinese National Banks, From Their Founding to the Moratorium

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An estimate of the press was # 140,000,000.
November 21, 1913 6 . It was stated that the total volume of notes was #200,000,000, so depreciated as to be worth only # 130,000,000.
February 7, 1914 7 . Press despatch stated the issue to be #90,000,000.
May 27, 1914 s : Ditto: #163,000,000.
June 5, 1914 9 . Ditto: #162,000,000.
April 24, 1914 10 . Ditto: #145000,000.
March 2, 1914 u . The Ministry of Finance estimated the total 1 2' 3 ) See Appendix Q.
t Peking Daily News.
) Ibid.
4' I Ibid.
5' 6
...) Peking Gazette.
I Ibid.
7' 1 Ibid.
8' 9 10 11' I Peking Daily News.
) Peking Gazette.
) Peking Daily News..
) Ibid.
179 issue of (Chinese?) banks at #300,000,000, half of which was by private banks. The total of coins, bullion and paper was estimated at # 1,050,000,000.
February, 1915 1 ). The Minister of Finance stated that the country had a total paper circulation of # 162,000,000, so de- preciated that its total market value was only #113,000,000.
The present issue of the country is certainly much greater than the figure for 1915, due to the issue during the political troubles of 1916 and 1917.


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