Recording tothe report issued by the Kuo, Min News agency the resolutions dealing with the cre of a Central - Government Bank aroused the widest interest. Some of the bankers were in favour of a Federal Reserve System modelled of: the American plan, but the majority of the bankers and the commercial and industrial representatives were unanimously in favour of the creation of a powerful Central Bank, re~ presentative of the- interests of all sections of the country. After heated debars the latter echéme was adopted.
The resolution calling for a Central Bank, to be a 1i stock, company, with the~ sole right-of bank-note issue and-a Supervisory Board formed by the. Government, was passed in principle; the details to. be worked out by the Committee on Currency and' Banking.
Text read from the printed page and cleaned; old type leaves the occasional error.