The Pacific Commercial Another Sino-American Bank is shortly to be organized by a number of Chinese and American capitalists.
The Pacific Commercial Bank, for such will be the name of the new bank, will be a limited institution with its head office in Shanghai and branches in outports and foreign countries. It will have a capital of G.25,000,000 in 50,000 shares of G.$100 each, one half, at least, of which must be owned by Chinese. There will be 11 members on the Board of Governors, five of whom will he Americans and six Chinese, They will hold office for a period of five years. The managing director will be a Chinese, the manager an American, and a Chinese will be the assistant manager.
Among those interested in the new concern are Dr. Paul 8S. Reinsch, former U. 8S. Minister to China; Mr. Chow Tze-chi, Minister of Finance; Mr. Wong Kok-shan, former general manager of the Han Yeh Ping Company; Mr. U. Yukchi, former compradore of Messrs. Dodwell & Ca.; Mr, Li Sum-ling, the well-known writer, and others.
Text read from the printed page and cleaned; old type leaves the occasional error.