(Frowt " Corresroxnest.)
Mokpo, 28th December. The Bank of Corea. a largo building in foreign style in the The Government is preparing to erect
contre of the city, for use as the Central Bank of Corea. "It will be a three-storey building and the stones for the foundations are already on th It is intended to establish branches of this bank in all the thirteen provinces. It is not proposed ta issue a paper currency, but the Bank will facilitate the transfer of money to and from the provinces by a system of drafts. It will be a bad blow to the highwaymen of the country. The benefit to be derived from the bank will be principally the saving in the transport of money which has always been a, severe tax on the Government. But besides this the bank will engage in general banking business. In corny ion for a foreign house situated behind the Mulberry Palace and taken over from a French eubject by the Corean Government, the Foreign Office has decided to give Yen 7,500.
Text read from the printed page and cleaned; old type leaves the occasional error.