The Archive · 1930

Bank for the Western District the Shanghai Commercial

Savings Bank, Ltd., has opened a branch at the corner of Bubbling Well and Yates Roads. It is understood that by special arrangement with the Chinese Telegraph Admini tration and the Government Radio Administration, the branch office Will receive messages for tran: mission. The China Travel Ser has also established a branch there to facilitate travel service. This will mean a great convenience to the residents of the district.

This branch has also initiated a new phase of banking modelled on the Morris Plan Banking, which has played such an important part in the American economic life. Loans for legitimate purpose can be had amounts of $50 to $500 on the personal guarantee of two comakers, to be repaid by monthly installments, Tae

Text read from the printed page and cleaned; old type leaves the occasional error.

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