The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-07-01
ADD FINNISH MARKS
TO EXCHANGE LIST
Funds Can Be Sent to Any
Land but Germany, Hungary,
Bolshevik Russia.
EXPECT TO LIFT ALL BANS
De Julin Discusses Possibili-
ties Of Trade Between Fin
land and United States.

Beginning to-day, the Finnish mark
will be added to the list of foreign ex-
change quotations as a result of the end
ing of the activities OF the War Trade
Board Remittances can he made TO all
countries except Germany, Hungary and
that part of Russia under control of the
Bolshevik Government. 1t is expected
that the ban on trade and exchange be-
tween the Allies and Germany and Hun
gary will be lifted as soon as the, conven-
lions chosen by the people ratify the
treaty OF peace. The collapse OF Boil
shevism Is necessary before there can be
business with Bolshevik Russia.
The introduction of the Finnish mark.
which has the same parity as the French
franc, TO direct dealings between the
United States and Finland brings to a
successful and the visit to this country or
Jacob de Julin, president Of the Com
mercial Mission Of the Government of
Finland to England, France, Italy and
the United States. He sails on Saturday
on the orduna. Mr.. de Jsilin yesterday
gave an indication Of trade possibilities
between this country and Finland, say
ing that an $500 ton steamer allotted by
the Shipping Board would sail within a
few days with cargo of locomotives
and wheels for railroads owned by the
Finnish Government and would bring
back a cargo Of wood pulp.
win Have Ne Need OF Credits.
The Finnish representative said that
his Government up to date had paid for
everything purchased In the United
States, including the railroad supplies.
which were ordered two years ago When
business shall be normal. according 10
Mr.. de Julin, his country will have no
need Of credits, the balance of trade, on
% M Einnign 4
ports. running normally in favor OF Fin
land, according to present expectations
ITO get things going Finland needs
credits, and Mr.. de Julin on his mission
was able to obtain the necessary Imam
cial aid He negotiated no SPECIFIC credit
but he will return to Finland assured oil
private credits in materials needed by
Finland sufficient to restore normal
business situation In his country.
FINLAND" Mr.. de Julin said, has nc
less than s13e,oo0,00 of timber stored
and ready for shipment to England and
France. She is ready to ship wood pull
70 the United States. She needs 1000
sturfs for men and cattle, cotton. agrl'
cultural machinery and office supplies
There have been organized In flnlaho
two steamship lines. but no steamers
are as yet available. Helsingtors VII
be the port of Finland and the steam
York or Philadelphia, dependent on oocf
and terminal facilities"
The oficial announcement regarding
the new developments In foreign ex
change was made yesterday by BenJa
min Strong, governor OF the Feoeral ne
serve Bank, in the following Statements
Notice is hereby given that dealers
as defined under the executive order o
the President of January rs, 1918 unu
otherwise instructed. may make trans
fers Of funds to persons not enemies o.
allies of enemies resident In the ProVihc'
of Slovahia In Czecho-Slovakia.
Exchange Regulations.
"Dea,ers assdefned under the Pres
dents executive order Of Jan. Is, 1913
are no longer required to purchase eN
change on certain central european
counties from the American RELIEF Al
mlnistration, according to the followini
regulation issued by the DIVISION
Foreign Exchange OF the feoeral nc
serve Board:
lief Administration and until otherwls
instructed dealers as defined under Tn
Executive order of the President OF Jan
uary rs, 1918, are not required TO pur
chase exchange on the following cou',
tries from the American Relief ADMIN
strtion; Finland, Poland, Czecno-o.o
vakia, German Austria, Jugo-SlaVia
Serbia, Roumania. Germany.
TN this connection attention Is Gale
to the fact that the authority to max
remittances to Germany through Tn
American Relief Administration wa
granted under special license issue
by the War Trade Board, which onl
covered remittances made through tn
American Relief Administration, and un
al the War Trade Board issues a furthe
general license permitting transfers Q
funds to be made to Germany the with
drawal of the American Relief Admin
istration as a medium through which OK
change on Germany can be purchase
restores the prohibition against maxim
remittances to Germany directly or n
directly as it has existed under IN
trading with the enemy act before VI
War Trade Board issued the genera
license which authorized remittanees
be made through the American feht
Administration.
""rhe same prohibition exists IN cor
neotion with Hungary and that part
: Russia under control OF the so-caie
Bolshevik Government
pnris BOuPse Trading.