Yuan Shih-kai, the President the Chinese Republic, than whom no other man in China had rendered a more signal service to his country, in sending his words of encourage: ment when the head office of the organization was opened about two weeks ago, enjoined them to take for their motto the words "En your country and cultivate your land." These words, pregnant with meaning, would assuredl~ sink deeply into their hearts, and it behaved them to drink to the health of their endeared President, and the future success and abundant prosperity of the Bank of Territorial Development of China (applause).
The toast was enthusiastically drunk, after which Mr. Yushu Chin, the sub-manager, thanked Dr. Wu Ting-fang for presiding, and the many guests for attending the cere-many.
Text read from the printed page and cleaned; old type leaves the occasional error.