Mr. Wang K'o-min, the prospective Minister of Finance in the dismembered Cabinet, left Peking on Saturday evening for Paotingfu and Loyang to persuade the Chihli military officials to suspend their claims for troop payments for a period of three months or so.
The blessing of the Bankers' Association and the Bank of China do not go with Mr. Wang. His ambition to be Minister of Finance is, in the sight of his financial colleagues, teo closely bound up with the much advertised "gold franc question"' to be popular.
Mr, Wang K'o-min, lost much of his former standing with his Chinese colleagues in the Chinese financial world when the Banque Industrielle de Chine closed its doors, Although, as compradore of the bank, he may not have been in a position to give warning, it was generally felt that he should have saved his friends. It will be remembered that when the Banque Industrielle was on tle brink, a number of Chinese banks were induced to accept the notes of the doomed French bank and to cash its paper at par. This was done on the semiofficial assurance that these re? souers would be reimbursed. Recently the story has gone round in Ohinese circles that the Senate of the Republique Fran-raise had categorically refused to permit the rejuvenated Banque industrielle to honour these notes, at present held by Chinese banks. This has not helped Mr. Wang K'o-min.
Text read from the printed page and cleaned; old type leaves the occasional error.