337

of foreign bells which have been received

aa

The foreign bankers maintain

that this action

7

the Spacie bank

hampers Trade, & really injures Japan

by

that institution.

These

are

represented

з

Delver you in

amounting to upwards of 131⁄2 millions

represents so much business

foreign banks are forced to ship__

large quantities to other

Countries for the purchase

dollars,

taken out

the hands

д

7

the local

o

Cover

had the

Bills

/

which the action

o

the Specie

European banks who formerly

trade to themselves.

The European banks complain

that the Specie Bank buys at,

Jales & come

considerably

petitions

under the market

quotations, & that their action is based

Neither on the cast

of laying money

down

ni Japan, nor on the necessities of or their requirements in Europe.

trace

The

Bank prevents the foreign banks from

securing in Jokohama.

The feeling between the

therefore far from

foreign & specie banks is

friendly.

α

however

apparently successful_

may have been the business of the Specie bank for some time past, it is

whether their policy in fighting

doubtful

the European local banks is not one

Which

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