The new venture of the Bankers' Ca-operative Credit Service will be watched with much interest. Its success will be welcomed by many Jcommercial firms in Shanghai. "It is supported by Banks of approved standing and if close attention. is paid to its objects without, fear or favour it should come to fill a very woeful niche in the commercial machinery" here. No doubt. the organi aid' attention to the friendly," advice "offered by. Mr. I They will. ther ike pains to ensure thet, in ascertaining the credit standing of firms, there will be no remissness the matter of making full stive inquiry or in the sometimes invidious task of making a faithful report. On no other term jean the new service ain the cone fidence of merchants and achieve success for which its promoters are led to look, 'The possible effect, on the compradore system will be seen as the service develops, Noone would decry the merits' of that sgitem bot its wenknes Ties In the establish an organisation eapable.of fac s0 far, no effort to ageertaining: credit, values: on which, reliance can be placed. The corn pradore has therefore been a substitute—and no unworthy one—to with, conditions as they. are.
Text read from the printed page and cleaned; old type leaves the occasional error.