Paris, June 30
The Banque Tndustrietle de Chine, an important French financial corporation, having branches not only all over China but in Indo-China, Japan, Korea, New York. Singapore, and' Vladivostok, closed its doors to-day, The sensation caused by the failure has been to a considerable extent discounted by runiours during the last few months that all was very far from being well. Even ssu, the impression left is disquieting, more so on account of the regrettable coincidence that a big German.bank bank, the Deutsche Asiatische Bank, is going. to reopen its branches and its activities in China to-morrow. Moreover, there are infinite ramifications in the transactions of such large financial organizations as the Banque Industrielle de Chine, and it is feared that, in their turn, other banks may become involved.
Efforts have been made in financial circles to save the bank. They began last January and culminated in a meeting of financiers yesterday, when the representatives of various banks propose, to issue a Chinese loan of 300,000,000 francs. on condition that the Minister of Finance would authorize the loan. Special efforts had been made in this regard by the Banque de Paris et des Pays-Bas. The necessary assistance was, however, not forthcoming, and when M. Doumer remained silent the fate of the bank was Sealed.
The bank, it is believed, in order to profit by the provisional war regulations. will present. a balance-sheet which will show a heavy deficit. The day before yesterday a client of the banker filed 3 alf complaining that payment had been
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