&
Shan & Office Agency
Minute by the Governor
The 414
I have looked into the question of the Stamp Duty and its operation on Chinese trade. The result is that I have been convinced that more relief should be given in the direction of what may be called "Short-term promissory Notes." The Chinese banks do a very large business in loans for a few days only. Now suffice it to say that to borrow $1,400,000 for 3 days only, the bank would probably charge him 12% per annum.
&
loper
Shan & Office Ageney
Minite by the los cheater
ly
The
414
I have looked into
the question of the Stampe
Adin
its operation on lehine trade, the
I have been convinced that
More
Done!
relief should be direction of what may
given
in the
be called
"Short-term promifony Notes: "
The Chinese banks do-a very
lange binness
in looms for a
loan
a)
few days only. Now suffice maw to borrow 1.4000 for 3 days only. The band would probably change hin 12 per day for
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