Manila, July 1.
General Venancio Concepcion, former President of the Philippine National Bank, who was arrested and released on bail on June %4, charged with violation of the banking law, on the ground that, while President and Director of the Bank, he had indirectly borrowed 750,000 pesos from it, is now further charged with accepting 15,000 pesos in connexion with a transaction with the Philippine Vegetable Oil Company.
Mr. Cantiago, former manager of the Iloilo branch of the national Bank, is charged with indirectly borrowing from it on ten occasions.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.