Show CHINESE GOLD MOVE HINTS SILVER CLAMP Speculation Barred Managed 1 Currency Expected SHANGHAI Sept 10 UP UP Spec Spec in foreign exchange and gold old bars ars by Chinese banks was forbidden today oday by a government order which some ome observers believe is the thc first step tep toward a managed currency and possibly toward a 3 silver embargo The ministry of finance in tightening tightening tight tight- ening the nations nation's gold regulations ons issued is is- sued the following order Until further notice purchases and andales sales ales of foreign exchange are prohibited prohibited ted except for the purpose of f financing inane inane- Ing ng legitimate normal business requirements re- re contracts entered prior to September 8 1934 and reasonable traveling raveling or personal requirements Simultaneously the ministry abolished abol abol- shed speculation in gold bars effective eec live tive ive September 16 by prohibiting the he privilege of setoffs in foreign currency on he gold bar exchange The Thc gold bar order means that actual gold must be delivered in such trans trans- actions The government requested foreign banks anks over which it lacks jurisdiction tion ion to comply |