Paris, June 9.
The "Echo de Paris" states that the Minister of Finance will shortly discuss with his colleagues a scheme for the reconstruction of the Banque Industrielle de Chine, providing for the establishment of a company which would temporarily manage the Banque's affairs. The State would offer to take over the rights of the Banque's creditors in the Far East against five per cent. gold bonds based on the French share of the Boxer Indemnity.—Reuter.
Paris, June 10.
In connexion with the proposed reconstruction of the Banque Industrielle de Chine it has been suggested that the capital should be 10,000,000 francs, of which one quarter_should be subscribed at first. The principal credit banks are completely in support of the creation of this capital.
June 11.
M. Outrey, Deputy for Cochin-China, has announced his intention of interpellating the Government with regard to the delay, firstly, in submitting for ratification by Parliament, in conformity with the vote of the two Chambers, the agreements and conventions necessary to safeguard the material and moral interests of France in the Far East, which have been gravely compromised by the cessation of operations on the part of the Banque Industrielle de Chine and, secondly, in introducing to the Chamber of Deputies a bill submitting to Parliament a new convention with the Banque de I'Indo-Chine, which should have been introduced since January, 1920.
The Senate has appointed a Commission charged to examine the de-moand for the authorization of proceedings against Senator Perchot regarding the Banque Industrielle de Chine.—Reuter Paris, June 13.
It is stated that the Frs. 10,000,- 000 wanted by the Society of Management over the affairs of the
Text read from the printed page and cleaned; old type leaves the occasional error.