The Archive · 1926

Operations Reduced OF late the Russo-Asiatic Bani

been doing but little business, to the fact that it had not suflcient liquid capital to take a part in the financing of Manchurian exports as other foreign banks here are doing. It also had its hanes tied very much en account of the! enormous sitnts of money it advances! on all sorts of enterprises, two and more years ago, when its coffers! were full, thanks to the C. E. B. using this institution as its banker. It likewise granted large amounts: Jon mortgages of property and other securities. One of Harbin's reputed merchant prinees is said (0 te indebted to the extent of over million dollars to the The neatly two millions, are practically: owned by the Bank, but if sold to-morrow, would not fetch their value. Such is the ease other enterprises to which the Bank: jhas lent money in the past and als> holds good with many of the mortgages on property. Thanks to trading with Russia having been cut off, property and bifiding have fallen greatly in value, and are mow much under their cost price.

Text read from the printed page and cleaned; old type leaves the occasional error.

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