Show CHINA BANKS FACE MONETARY CRISIS SHANGHAI Feb 1 UP UP-Shang- UP Shang- Shang hat banks bank pooled their dwindling silver sil silo ver vcr resources today in efforts to weather a monetary cr crisis s which within 24 hours has closed two large largena na native banks here A third failure was averted temporarily temporarily tempo by a pool in which six financial financial financial finan finan- cial institutions participated Bankers and merchants dreaded the approach of February 4 4 Chinese Chinese New Year nad nail settlement set lement day day when custom dictates that Chinese debtors settle their accounts and ana begin begin be be- gin a new year free of oC debt Unless the debtors can obtain silver basic currency in a country where paper money Is practically valueless many merchants may be forced Into bank |