The President has passed the proposals of his cousin Chang Eh fang, late Tutuh of Honan, concern. ing the organization of a Salt Bank to the Ministry of Finance for consideration and it is believed Mr. Chang will be the Chief Manager of this bank. The only point not settled is that the establishment of this bank will be detrimental to the Bank of China and the Bank of Communications as part of the salt receipts is deposited in these two banking institutions.
Th: object of the Government the establishment of this salt ban is that salt revenues collected the Sub-Inspectorates in the various reducing districts can be ed in the bank's branches or agencies instead of in foreign banks while on the other hand foreign banks can be prevented from establishing their branches in non-Treaty Ports under the pretext of receiving salt revenues from Sub-Inspectorates.
It is said that the proposed bank will depend ¢ upon the salt re venue for its capital. as this province is concerned. Goods come through, but still have to be escorted by soldiers at the Szechuan border. I am told that it is all right in Kueichow: the trouble is at the Szechuan border and beyond to Chichiang. It is a disgraceful state of affairs, that a great province like Szechuan cannot keep the main roads safe for traffic.
Text read from the printed page and cleaned; old type leaves the occasional error.