The usual Kuomintang ceremonies having been gone through, the seal office was handed to Mr. Soong and the oath was administered, after which an address was deli ed by Dr. Tsai Yuan-pei. This was hardly audible but, from what tone could gather, Dr. Tsai_said that, in accordance with the Three Principles laid down by the late Dr. Sun Yat-sen, it was necessary to uphold the financial market and niaintain the welfare of the people, and so it was that the Central Bank had been established. Dr, Toni then gave a brief history of the institution and compared Chinese banking methods with foreign. He said that the Central Bank was in a fortunate position, in that it was to be administered by men of the highest standing, men of excellent character, men of ability and men whose integrity: could not be questioned.
The Bank would be an independent institution, Dr. Trai remarked, and would no longer be the prey of the militarists. With Mr. Soong at the head and in view of his previous excellent' career, the success of the institution was assured, and he wished to take this opportunity of expressing hi: vest wishes for its future.
Text read from the printed page and cleaned; old type leaves the occasional error.