Result of Chinese Attitude in Harbin The local branch of the Dalbank, fin accordance with orders received from Harbin, closed their books fon August 15, and Mr. Bell Shanghai manager, hopes toh all business settled before August 20, He said, when talking to a representative of this Paper, that he intended selling the bank fixtures and fittings by public auction on August 24. The Shanghai institution financed more than 130,000,000 worth of business suring 1928, There is apparently no idea that the Bank will be re-established, even if the crisis between Russia" and China should fail to materialize, Owing to the attitude of the Chinese authorities in Harbin, the head management of the Dank feel" that business has Decome practically impossible and that liquidation is the only {ouirse, "For instance the Chinese authorities in Harbin have issued orders that the Bank must hand te the police the keys to the vaults andestrong boxes each day at the time of closing, "and that any! transactions involving a payment of more than $10,000 must be sanctioned by the chier of police. This attitude on the part of the Chinese, under which no business. could be one and which "makes the sate custody of money equally practicable, is understood to be one!
the main reasons for suspension, 1 Possible Final Closure Im Shanghai the depositors have! received cheques for the full amount their claims, while letters of credit (uncollected) as well as bills due, will be taken care of by an American bank. A representative of the Dalbank will remain in Shanghai to sist in the liquidation ofall basines, th other required. Eight foreigners and about 40 Chinese are}
Text read from the printed page and cleaned; old type leaves the occasional error.