Chinese papers state that atter the Chinese new year, five new native banks, wil] start business in Shanghai, partly as result profitable working during the old year, and partly owing to Chinese banks having reformed their harmful practice of allowing credit to all comers without discrimination. This timely reform in the Chinese banking world has given confidence to the public and attracted depositors, while on the other hand, capitalists are now more inclined to invest their money in this business-which was formerly
Text read from the printed page and cleaned; old type leaves the occasional error.