Peking, Sept. 25. ing discussed how banks can ce-operate to aid commerce and industry.
Mr. K. P. Chen, manager of the Shanghai Commercial and Savings Bank, was elected by the bankers, Present to help the subcommittee which is drafting the regulations }governing the extension of bank jeredit to shippers.
The railway representatives also discussed with the bankers plans for the extension of the railway warehouse system and the responsibility of railways for damage to goods during transi To-day's meeting is considered significant as it is the first time that Chinese railways have sought to ce-operate with banks and have studied the actual needs of the shipping public—Reuter's Pacific Service.
How Mutual Assistance Can be of how railways and banking institutions can ce-operate! to aid commerce and industry was! discussed on Friday morning, the 25th instant, at the sixth General 'Trafic Conference in the Ministry, of Communications, "Peking. _Prominent bankers like Mr. Chow Tsohmin, President of the Kincheng Bank, Mr. K. P, Chen, General Manager of the Shanghai' Com cial & Savings Bank, Mr. Chung-shin and Mr. Yao Kwong-fah representing the Bank of China and the Bank of Communications -vere invited to give their opinion to the conference as to how the railway can give the best assistance to the banks to extend maze! documentary credit and on feolght receipts. After a long discussion, Mr. K. P. Chen was elected by' the bankers present to help the zubcommittee in drafting regulations ning the extension of bank credit to shippers, The railway men also discussed] with banker: plans for the extension of the railway warehowso system and the responsibility of railways for damage to goods during transit.
The meeting is very significant for it is the first time the Chinese Government Railways have sought} to ce-operate with banks nad to study the actual needs of the shipping public.
Text read from the printed page and cleaned; old type leaves the occasional error.