During the war an outstanding achievement of the late Mr. Goodale's took place. It was under his direction and supervision that the China & Far Eastern War Savings Association was organized and raised eventually about £2000, 000 for the British War Loans. Since then another brilliant achievement was to be seen in the initiation of the Municipal Savings Bank, organized about eight years ago.
As far as can be ascertained the growth of this institution from its original conception by Mr. Goodale exceeded even his hopes at the time, his idea having been to provide a savings bank for the small investor who could put a few taels a month to his account in the bank and when tie amount had reached Tls. 100, could share in the next issue of tiunicipal debentures. Not only did the bank serve the small investor in this wag, but large sums of money were also deposited by others havinsz more to invest who got interim in-
Text read from the printed page and cleaned; old type leaves the occasional error.