The Archive · 1928

Checks and Balances

Lot me now say something to you about the organization of the Central Bank of China. The Ordine ances of this institution, pramalgated by the Government. have for heir object the of chests ud balances hetweer supervisory and legislative organs of the Bank, There is to be a Court of Directors of nine whom is vested, the authority; a Supe: which represents and the Governor mor, with administrative power. cepting one menier of the Supervisory Committee, who represents the auditing department of the Government, other members of the Supervisory Committee and Direetors are chosen by the Government from amongst well-known leaders in industrial, commercial and banking circles. Five Directors are appointed to constitute a hoard of management and the Governor and Teouty Governor are chosen amenest this beard so as to ensure irurmony between the legisla tive and

Text read from the printed page and cleaned; old type leaves the occasional error.

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