To the Editor of the "Norta-Cuixa Dairy News."
Sir,—The announcement by the manager of the Hongkong branch of the Banque Industrielle that arrangements were being made by a syndicate of French banks to take over the assets and liabilities of the bank and_ re-establish it either under the old new name with a view to paying out all creditors and depositors in full is most welcome indeed. In the circumstances, considering the much greater interests involved here, and the manifestation of anxiety on the part of local depositors as shown in the correspondence columns of your paper, a similar assurance from the manager of the bank in Shanghai would have been much appreciated. But in spite of the agitation made, no information of any kind has been vouchsafed locally. Surely the news reported by the Hongkong manager as having been received at Peking and Hongkong could not have been withheld from Shanghai. Let us hope that some consideration will be shown to us also and a similar announcement be made locally to relieve the suspense we are placed in. It will save us the trouble and expense of taking steps to -protect our interests when it is shown they are quite safe in the hands of the French nation who will see to it that our confidence has not been misplaced in respect of this once popular bank.
T an, ete.,
Text read from the printed page and cleaned; old type leaves the occasional error.