A number of Chekiang merchants in Shanghai are organizing an industrial bank, the, aim of which is to advocate saving'by the labourers and to make loans for labour and industrial purposes. Leaders in the various factories will be asked to assist in raising the capital for the bank which will be $1,000,000. Several prominent. Chinese bankers have promised their support to the movement, and Mr. Chao Haichuan, former Director of the Hangchow Mint, will be general manager. The first meeting of the promoters will be held early next month,
Text read from the printed page and cleaned; old type leaves the occasional error.