Canton is being reorganized in ac-"cordance with a recent mandate of the. Provincial Government Kuangtung, reports. the Canton correspondent of the "Hongkong Daily Press." It will no longer be called the "Central Bank of China," which is misleading, as its notes fe-not accept] ut all outuiie Koangtung. Te will now be how a as the "Provincial Bank of Kuangtung." It is the Governsrent depository, and has Leen unde: the Giseet control ut the Provucial Council ever since the Natiorali Government moved from Canton te ati has by Nanking Mr. Fan mo, Commissioner of Finance, wire recently returned from Nanking, raid that Mr. T, V. Soong, the ance Minister, is in favour of the change. At, first the question of redemption of the Central Bank of China notes was raised, whether for, not it would net be better to resuscitate the depreciated banknotes first and effect the change afterwards, but General Chen Ming-thu and others in a recent conference. in the bank said this was immaterial; the change in name will be. effected just as soon as the necessary arrangements are made.
-The.authorities are of the opinion thab after the change has been effected, the bank-notes will not be alfécted by the political situation. Being purely x provincial bank, the notes in circulation will not be in excess of the silver reserve in the Yaults. This is precisely the intention of the: local regime -in. reorg ganizing the, Bank wMORE BRANCH POST. a 'OFFICES OPENED Nanking, Aug: 31.
Text read from the printed page and cleaned; old type leaves the occasional error.