In authoritative French circles, the view is taken that the bank is without nationality and that its liquidation is without precedent. The head office happens to be in Paris and therefore, it held, th Paris courts are bound take the 5 w of the failure of the bank, the Paris courts had no alternative but to appoint a liquida-for for the head office and any other branches which might be situated within the boundaries of, nee, just as the British courts will probably appoint a liquidator of the branch in London and in Hongkong. As to the action of the! Chinese Government in appointing liquidator, there seemed to be no objection to such a course in French circles; in fact, the appointment of 'M. Padoux as' well as Dr. Wang Chung-wei was regarded ae indica ing that some procedure would be worked out whereby the liquidator of the head office in Paris and the; Yquidators appointed by the Chinese Government might find a method of ce-operating.
An Intricate Problem the "Chine (2) The functions of the Tupan of! Liquidation of the Russo Bank, "(ad To collect the ney due tothe Pabiiies of the branch of
kai be redeemed with. the money. a Aaate Bank inned from seling of diapering thetmovables and" fumovables owned
vantagenur: 10° the creditors mach away as wovid be most ale of the Rosso The Appointments Oct, 1
day appoints Dr. Wang. Chung-ha A Presidential Mandate issued 2 Tupan of Readjustment of the business of branch offices of the Bank in China, and Padoux as associate Rapan—Toho,
Text read from the printed page and cleaned; old type leaves the occasional error.