From other sources it is known that our commercial relations with China are to be strengthened by the establishment of an American bank at Shanghai. Up to the present time the United States has had, of course, to make all its payments in the Far East through foreign banks. This and the necessity of managing the Chinese indemnity of $25,000,000, which, with interest, is payable to the United States in instalments running to 1940, made it necessary for the country to establish a bank of its own in the Far East. The Guaranty Trust Company, of New York, has been selected by the Government' to undertake these responsibilities at Shanghai, Hongkong, and eventually at Manila or other Eastern ports.
Text read from the printed page and cleaned; old type leaves the occasional error.