eect 20 HE "iene, HAL"
Shanghsi, Feb. 3.
The Government's decision appoint an Advisory Committee of and business leaders to sit in Shang-hal and advise the Government an economic and financial policy, Suited to. China's present needs! aroused the greatest interest Shanghai yesterday. On the eve of) the holidays, it was not possible toi obtain much in the way of definite, opinion on the move, especially as certain versions of the terms of reference were by no means clear. This journal, however, has taken steps 10 secure an authoritative translation of} the official announcement. Ils tenor was briefly given yesterday, but an} exact rendering, now given, throws)
even clearer light "on the idea underlying the appointment.
The Committee is called the "Monetery Advisory Committee" and. its terms of reference a 'To consider and' make recommenda-the National Government for)
Improvement of the present Stabilization of the exchange mark Improvement of China's bat. ance of international pay ments; Improvement tu the conditions; and machinery for the finance trade and industry in Interior: Any other matters submitted the Committee by the Ministry of Finance, will be seen that the problem commended by the Government '0. the experts with special reference t the long view of China's economi reconstruction and is not pinned down merely to the present immediate} situation, Probably the first. mee:- img of the Committee will be held on February 15.
The Membership 'Li Ming, General: Manager of the Chekiang. Industrial Bank; K.P. Chen," General Manager "of "the Shanghai Commercial and Sav-jings Bank; "Pel 'Tsuyee, Man {ager (of the Bank of' China: Shih Te-mou, General Manager the Banking Department of the Central Bank of China; T. L. "Soong, General Manager of the China Development Finance Corporation; Tang Shou-min, General Manager of the Bank of Communications; "Chou Teo-min, Managing jthe Kincheng Banking Wu Ting-chang, President of Yien Yieh Commercial Bank; Yun tu Pi-kiang), Manager of the China and South Sea Bank; Chien Yung-min, President of the Joint [Savings Society of the Yien ¥ieh, "Kincheng. Continental, and China -& South Soa Banks; Chin Tsu-tse, Manager of the Foh Vu Native Bank; Chang Kia-ngan, Gen eral Manager of the Bank of China; Singlon Hsu, General Manager of the National Commercial Bank; and Chivn Chang-chao, Vice-Minister of Education. The' Governor and Deputy Governor of the Central Bank ut China, and the Director of the Cur: rency Department of the Ministry Finance are members ex officio—Kuo Min.
Text read from the printed page and cleaned; old type leaves the occasional error.