Somewhat of a sensation was created when the Oriental Comnercial Bank, Ld., closed its doors and stopped business transactions. hus since gone into voluntary liquidation. This bank has branches in Shanghai, Tientsin, Bangkok and Havana. ' However, this voluntary] Tiquidation does not -mean disaster (othe depositors, who will eventually ye paid. The reason of the winding. up is due to personal failure of one the principal shareholders, which'
4 favourable impression on the] fact so lowered the prestige of the people in Canton. It i believed he] j- pawsop szoqsoarp avy amy haw some instructions from tho|sdvisable to wind up its affairs and go Santon Government, but the extent of authority given to him cannot be ascertained, Chinese business mer Hongkong are requested various organizations in Canton to yond the Dragon Boat festival in the latter city, where they will be welcome by the aforesaid Associa tion.
They can return to Hongkong by paying $10 as passport fee.
Mr, Eugene Chen, Acting Minister of Foreign Affairs went to Macao to discuss a settlement with the Hongkong merchants, He expressed the hope that the boycott may be settled within a month.
The people in Canton have confidence in his policy, and promise ce-operation with him im in his work for their welfare. The gen in both ports is anxious that the present state of affairs should end, and to carry out wish rests on the responsible aMicials in Hongkong and Canton.
Hongkong has not yet announced its oficial representatives to micer those appointed by Canton, This tardiness signifies lack of earnest e885, people in Canton believe. The next move by the Hongkong Govern. nent is watched with interest by al Sus ion Topan Tang Eh yao of Yunnan out of business. It is expected that fatter the accounts have been made up, there will be sufficient assets to meet all Tabi The difficulty lies in the realization of the bank' properties; and when this is done, things will be straightened out.
China Association branch of the!
Numerous matters were brought up} for discussion, including British policy in China and the boycott. The Presiden M. Bernard,
Text read from the printed page and cleaned; old type leaves the occasional error.