The Archive · 1933

LIFE INSURANCE BUSINESS No Intention of Monopoly By

Manchoukuo Government A denial of the report which re-leantly gained currency to the effect that the Manchoukuo Government Intended to nationalist the life surartce business in that ce contained in a letter from Mr.

Garstin. British Consul-General Harbin. in response to an inquiry, from: the Manchurian Ca., Harbin Jagents of the Sun Life Assurance Ca. of Canada (North Chit Branch).

The letter states that the matter ]was, mentioned at a recent. meeting Jof the Consular "Body, and Japanese Vice-Consul, "who was present, promised to make inquiries lon the subject. He later informed the British Consul-General_ that

Johan, having. approach pro the Japanese Ambassador, st Chang-per "Manchoukuo authorities, was told that the Manchoukuo Govern [ment had'no intention of monopoly jing insurance business in Mauch New Vessels to Serve as Security Nanking, July 4.

Dr. Hang Li-wu, general secretary of the British Boxer Indemnity Fund Administration, stated in a Reuter interview to-day that the board of trustees had approved of a Joan of £360,000 to the China Merchants' Navigation Ca. for the purchase of new boats.

The provisional contract had been referred to the office of the board in consultation with legal advisers.

Mr, R. Calder-Marshall, [chairman of the board, was auth-onsed to sign the contract.

ities include a lien over the new boats purchased with Boxer. funds, a lien over the entire receipts of the new boats, there being special accounts of the new boats? revenues. which the board may send auditors to examine, and a guarantee by the Ministry of Finance to make good the payment of the principal interest in case of deficiency.

Dr. Hang stated that the board had also approved of sending students to England for higher educa-

Important questions answered in the House Concerhing Britain's China trade Our Own Corre: tion, scholarships. being to twenty. Examinations would be left in the hands of the office board and an educational sub-committee, Dr. Hang added, Agreement for a loan for the completion of the Canton-Hankow Railway has been approved but the hoard hopes that the Ministry of Railways will make applicat the Executive Yuan for $5,000,000 from the recently-concluded loan of '$50,000,000 from Americ ficiency.—Reuter, Successful Operation of New Public Drawing Held in Institution Bankers' Association By E, Kany 10, 148 of "Finance & Com-

Pablic drawin tion of part of he principal of for the reder merce" dated "March 30, 1992, 1[ 18th Year (1929) Disbandment published fall particulars relative Loan (12th drawing) and 20th the establishment and constitu. Year (1981) Currency Short Term

of the Shanghai Bankers Associa~ Hon of The Joint Reserve Board loan (6th, drawing) were "held

tution were set. forth in purposes and aims of the under the supervision of represent= 1 and all its regulations were atives of the Bureau of Audit, the cited verbatim.

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

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