Again the present regime is] creating a precedent in denianding from the local branches of the Bank of China and the Bank of Communications in Kaifeng city the {funds of the Provincial Association of the International Famine Relief Association, This international as. sociation has been working for the good of the poor of the province for the better part of the last 15 years, fand has administered many million: of dollars, and saved innumerable tives, us well as undertaking and carrying through large schemes of road building, Yellow River dyking, land reclamation, and afforestation, The Asrociation " has endowments with the Bank of Communications of $120,000 and n current account of about $10,000. It is operating under a permanent executive with Chinese secretary, and accountant, Chinese engineer etc., with several foreign honorary members assisting. Now the Kuominchun authorities are undertaking to sequester these funds and convert them "relief in bandit stricken districts,' nder its own officials. If this steal is carried through it will be a great stain on Marshal Feng's personal For a long time the Central Bank notes have been forced on the merchants. They are passing at a 35 per cent, discount, and everything.
expensive accordingly. The banks. Jare now permitted to pay out small sums in silver.
Text read from the printed page and cleaned; old type leaves the occasional error.