Nanking's Decision: Bank's Importance to Tea Trade 'The Kuo Min News Agency states that at the fourth meeting of the Provisional Commission for the uporvision of the Liquidation of Soviet State Agencies in Shanghai held last Friday' afternoon at th: Bureau of Foreign Affairs, with Mr. Quo Tai-chi, Special Commissioner of Foreign Affairs of Kiang sa, in the chair, it was decided to allow the Dalbank to resume business. The decision was made i accordance with a petition from the The Comission also decided that before new regulations governing the supervision of liquidation are formulated, the existing regulations shall remain in force, The opening of the Dalbank is the result of a petition of interested Chinese, as well as by the Dalbank itself, and involves the question of the financing of the ten trade between China and Soviet Russia, which has grown increasingly largo] in recent years. The Dalbank in its-petition emphasized, first, that it company organized under Inw and could be dealt with dance with Chinese law: secondly, that two investigation:
wave been made by the Nationalist Government and that in neither has anything been found to associate the bank with political (Communist) propaganda; finally, that the bank was engaged principally in financing. the tea trade and that its closing would effect this trade, The Dalbank now will be permitted to continue to do business under the supervision of the Nationalist Government, An official .of the Ministry of Finance has been appointed to supervise the business of the bank and his principal tas will be to make sure that the bank is. not used to transfer funds from Soviet Russia to Communists to be used for political purposes. 'As the Nanking Government has more to fear from the Communists than from any other source, it, may be assumed that the Ministry's supervision will be very. strict, 'The accounts of the Datbank' were audited by Messrs. Haskins & Sells, according to information from ths Committee in charge of Russian property appointed by the Nationalist Government.
The first investigation of the Dalbank was made last wemmer by order of the local military authorities and the manager was charged in the Provisional Court with political nativity against the Government. He was acquitted by the Court because no evidence drought against him, 'The bank has. xecontly been under investigation appointed by the Ministry of Finance under the regimes of both Mr, Sun Fo and Mr. T. V. Soong and'no evidence was forthcoming, It is presumed that Soviet Russia' preters to do business through banks other than those which might be suspected of political complicity, for apparently there ware no transfers of political fands through this particular bank,
Text read from the printed page and cleaned; old type leaves the occasional error.