Cth Feb.
Our readers will lea with great pleasure that the reconstruction of the Chartered Mercantile Bank of India, London, and China has been carried out successfully; and under its somewhat abbreviated title of "The Mercantile Bank of India, Limited," and the familiar old name in Shanghai of " Yulee," it will unquestionably hold as good a position as it ever did. Out of the authorised capital of £1,500,000 sterling, £1,125,000 has been already subscribed, and we understand that the balance of £375,000 will be offered in silver shares to constituents of the bank in the East ata later date. 'I'hroughout India and the Far East the resuscitation of this old and favourite institution is sure to be greeted with a hearty welcome, and all will hope that its success will be such as to fully repay the old-new shareholders for the sacrifices they have had to make, and compensate the staff for the trying and uncertain time they have passed through during the last few months.
Text read from the printed page and cleaned; old type leaves the occasional error.