Peking, Oct, 19.
Detailed rules for the execution of the regulations concerning the liquidation of the Russo-Asiatic Bank's branches in China were mulgated on October 17 and pub-fished yesterday evening.
These rules are contained in nine sections, totalling 40 articles.
Article T states that matters Jeoncerning the liquidation of the Bank shall be carried out accord-lance with the provisions ued by mandate on September 30, appointing Dr. Wang Chung-hui chief, Hiquidator and M. Padoux associate] liquidator.
Later.
The regulations provide, inter alia, that no interest shall be credit. fed as from September 25, 1926, on debts due by the bank but that in terest on debts due to the shall continue to run as per agreement or custom until such debts are! paid to the bank, The branch liquidators, who shall bbe appointed by the general liquida tors, are to forward to the general liquidators and the Ministry of mance separate balance sheets inder their control as er accounts closed to September 25, 1926, also detailed lists of creditors separate accounts lable, In addition the Shanghai liquidators are to forward a generall balance sheet of all the branches in'
per accounts closed to August (? September) 25, also a general statement of the sett nent of inter-bank exchange operations of the branches in China No payments and no disposal of assets may be made by the liquidators except the previous. approval and consent of the general Tiquidators, The bank's debtors, shall be called fon to discharge their obligations within a month, though extensions shall be allowed in certain cireumstances, 'A person or firm who on September 25, 1926, was simultaneously a debtor and a creditor of the same branch may offset his debt a his credit but if he was simultaneously a debtor and a creditor at] different branches the set-off may, take. place only with the consent of the general liquidators, _whose ike that of the branch lat laters shall be based on Chinese} law and commercial customs,
Text read from the printed page and cleaned; old type leaves the occasional error.