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To: lorne who wrote (46155)	12/20/1999 9:08:00 AM
From: Alex	Read Replies (1) \| Respond to of 116837

China and Gold......... Source: China Daily For the first time in the history of the People's Republic of China, the central bank is selling gold bars on the domestic market, and they are receiving a warm welcome from the public. In Beijing, the sale kicked off on December 10. In three days, 700 pieces of the precious metal were purchased. They were worth a cool 5 million yuan (US$600,000). The lightest bar weighed in at 50 grams. Three other bullions on sale sized up to 100, 200 and 500 grams each. Individuals in China have not been allowed to own, buy or sell gold since 1949. The decision by the People's Bank of China to share some of its coveted metal with the public is a bold step forward to open its gold market. Analysts see it as a signal of the bank's willingness to relax its monopoly and gradually open the gold market. In an interview with Business Weekly, Roland Wang with the World Gold Council hailed the bank's decision. He said it is an encouraging move towards open China's gold market. The market is widely expected to open in next three to five years. But the bank has not announced an accurate timetable. Now individuals in China are permitted to buy gold bars for savings and investment, as long as they can afford them. And the metal is still the top choice for most individuals to maintain and enhance their wealth. About 1.5 tons of gold bars are expected to be sold in another 10 cities across the country including Shanghai, Nanjing and Wuhan, according to sources with the bank. The bank has designated China Gold Coin Incorporation to be the chief dealer of the gold bars. The bars are priced at 104 yuan (US$12.53) per gram, a bit lower than the current price of gold jewellery, which is losing the public's favour. Publication date: Dec 19, 1999 ¸ 1999, NewsReal, Inc.

To: lorne who wrote (46155)	12/21/1999 3:23:00 PM
From: Alex	Read Replies (2) \| Respond to of 116837

Wells Fargo Mail Date: 1900 MINNEAPOLIS (AP) - Wells Fargo & Co (NYSE:WFC - news). recently mailed 13,000 certificate-of-deposit renewal-notices with the year 1900 printed on them, and traces the error to a mistake by a supplier. Bank officials said the notices told customers in 10 states that their certificates would expire in January 1900 instead of January 2000. Wells spokeswoman Teresa Morrow said a statement-printing vendor forgot to change the date on its printing machines. Morrow said Wells sent statements to the printer that said 1/15/00 and the vendor mistakenly translated the 00 as the year 1900. The mistake was discovered Dec. 13, and officials immediately sent out letters apologizing for the error. Customers were told they would get revised renewal notices in a few weeks. ``We asked (the printer) if it was Y2K related and they said, 'It was just us not setting our date on our printer,' Morrow said. Just last week, Wells declared it and its critical suppliers ready for Y2K, after having tested all its computer systems three times. ``If that is the worst thing that happens to us with Y2K, then we will be set for life,' Morrow said. Minneapolis-based Norwest Bank bought Wells Fargo last November, adopting its name and San Francisco headquarters, but it still has major operations in Minneapolis. -------------------------------------------------------------------------------- dailynews.yahoo.com