With the re-opening of the Far Bastern Bank, Dalbank, we reproduce some extracts of an article on the activities of this institution which originally appeared in the "North-China Daily News" of September 22.
This article to-day, when the Russian Chinese tea trade shows such development, is of more than usual interest.
Trade relations -between Ri and China, generations old, hav Amity of the two nations' territories. 'The Great War and the' subsequent evolution in Russia caused dislocation of commerical activities and, although the interregnum has Insted some years, there is now unmistakable evidence pointing not only to a speedy recovery of ancient commercial ties, but to a steady increase in the volume of trade between two potential countries.
China's Trade With Russia 'The following figures, derived from statistics prepared by the Chinese Maritime Customs, show the net value of direct trade' between the two countries during some yearn prior to the revolution, as well a8 those relating to the past few Years figures are in Haikuan taels. The percentages indicate the proportion of Russia's share in China's total foreign commerce.
Year "lis, sent "Pin percent.
Imports
Wie ssaatoed S48 pasco ibe aot000 1213 1916 85514000
46,389,000.
22iriz;000 198 64120;000 Taz Towards the close of the last cen-tory the Russo-Chinese Bank was created for the purpose of forming. an economic link between Russia. and China. As a direct result of the revolution the then Russo-Asia-tie Bank lost its head office and all its branches in Russia and Siberia, and thereupon it automatically coa: ed to function.
The Genesis of the Dalbank The volume of trade between China and Russia which, during the civil war in the latter country, had Deen reduced to the minimum began. to increase once more from 1921 onwards. principally between the neighbouring districts of Siberia and Manchuria, The renewed activity called for the establishment of a [bank for the purpose of financing the commerce between the two countries. In 1922 the Far Eastern Bank was organized, with its head office at Chita (Transbaikalia), with the iden of serving as the economic link for future Sino-Russian Trade.
For short, the institution adopted lo of "Dalbank," the Russian term "Dal" standing for "far.
'Trade relations were placed on basis upon the conclusion at Peking on May 81, 1924, of the Soviet-China treaty' of ' commerce, Thereupon the Dalbank removed its Head Office to Habaroffsk on the Amur.
'At the same time namely in June of 1923, the Far Eastern Bank of Harbin' (Dalbank) was founded as sident financial institution. istered with head offices at Harbin under the laws of the Republic of China, its capital being: subscribed in I Iver currency. In the following year branches were opened at Hailar, Manchuli, Tien-of a further branch office at Hankow, the inauguration of which had to be postponed, however, due to the then prevailing unsatisfactory economic conditions along the Yang-
Text read from the printed page and cleaned; old type leaves the occasional error.