The Archive · 1898

The Bank of China and

JAPAN, A circular to the shareholders states that the Gnal instalment due to o'd depositors was provided on 14th My last, and paid to the committee's credit in the Bank of England, and the committee obtained their discharge from their clu ies on 27th July, as they explained in a circular, which, int~ mates that its very satisfactory to be.ably to announce that practically the whole of the creditors of the old bank have been paid with interest well within the time in which they expected to complete their work. The evidence in the suit in New York Courts against an American shareholder in the old bank has now been taken, and it is hoped that n decision will be obtained this year. The test suits in the Shanghai Mixed Court against Chinese shareholders came on for hearing on August 22nd, and judgments in these may also be looked for before muy months have elapsed, The working of the new bank is giving much the sane results as in previous years, and it is expected that at December Bist the accounts will again show a reduction in amount of deficiency account. Brdon and China Express.

Text read from the printed page and cleaned; old type leaves the occasional error.

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