The Archive · 1927

The Soviet Agencies

Shanghai, Dec. 22.

At the first meeting of the provisional committee to supervise the liquidation of the Soviet State commercial agencies in Shanghai, on Wednesday the following decisions 1—That the committee will supervise the liquidation of the following organisations, their function having already been suspended:—The Dalbank; the Soviet Mercantile Fleet Agency; the Soviet Trade! Mission; the transport office of the Ussori Railway; USSR. Insurance Corporation.

'2—That the following organiza tions shall be allowed to carry on. their respective business under the supervision of the committee: Centrosojus, the Chinese Eastern Railway Commercial Agency at Shanghai, At the same meeting, Mr. Quo Tai-chi, chairman of the committee, appointed Mr. Tsai Toong-chi to take charge of the supervision of the liquidation of the Dalbank, Mr Sung Fan of the Soviet Mercantile Fleet Agency, and Mr. Vu Hung-cheang, representative of the Special Municipality of Greater Shanghai, of the transport office of the Ussuri Railway and the USSR Insurance Corporation. Mr. Quo also appointed Mr. Tsai Toong-chi to supervise the Centrosojus.

The following ix regulations governing the liquidation of the Dalbank also were formulated:

1.—The provisional committee to pervise the liquidation of the Soviet State commercial agencies Shanghai shall appoint members of the committee to carry out and supervise the liquidation of the Dalbank and the said members may in turn appoint delegates to execute the liquidation.

2—Messrs. Haskins & Sells shall be appointed by the committee to assist in the affairs of liquida ion and the expenses incurred thereby shall be paid by the auhd '3—The members of the existing staff of the said bank shall continue to function, pending liquidation.

4-No new bariness shall be transacted from the date of commencement of liquidation of the said bank, '5.—Payments of a suspicious ature by the said bank shall not be allowed, unless the creditor or creditors can produce _ufficient evidence to verify their claims, of permission shall have first been obtained from the members of the committee of supervision, upon the guarantee of the Chambers of Commerce or foreign consulates.

6.—Those who have claims against the bank may invoke the aid of the Shanghai Provisional Court by petition, Hf they do not find it equitable to abide by the above regulations—Kuo Min Important Discovery at Hongkong Hongkong, Dee. 22.

Regarding the Note of the Soviet Foreign Commissary,—Comrade Chicherin, protesting against the closure of Soviet Consulates in Nationalist territory and denying that the Soviet Consulate had guided a revolutionary movement among the peasants and workers, ft is learned from a semi-official source that a partly-burnt docu ment, sumpered B/12861-10 ahd endorsed by the seventh enlarged plenum of the Executive Committee of the Communist International, hat been discovered among the archives of the Soviet Contalate, which wat raided recently.

The document explains how the Communist Party must take command of the peasant movement in China in accordance with the programme of the agrarian revolution and gives instructions, atsong other middle-class. penagats. to form a the poor amd

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

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