'The credit policy of the Dalbank' has been directed towards: the financing of trade be-China and Russia particularly: export of ten from South China and export of wool from Braga, trade of China and Mongolia, partiularly the latter's import of Chinese goods used in Mongolia; the finaneing of local trade and industries, especially Chinese. In every branch of its financing work the Bank gave special attention to the financing of Chinese customers; the numerous Chinese firms in Kalgan, Peking and Tientsin which handle the Mongolian business received accomodation from the Dalbank; in Shanghai and Tientsin credits amounting to hundreds of thousands gold dollars were opened for account of Chinese firms to finance shipments con:- prising of timber, fish, deer horns, textiles ete. During the season of 1928/1929 tea for an amount of 16.5 million taels was exported fron: China through the financial assistance rendered by the Dalbank, these figures representing one third of China's tea export, the USSR. being the sole purchaser of brick tea, black and green, amounting to over 8 million taels.' In Harbin Hailar and Manchuli the Dalbank financed the grain trade, oil milling industry, flour mills, Chinese Eastern Rail way's suppliers and contractors, and supply. With the financial aid of the Dalbank 70 per cent, of Braga's. entire exports, mainly consisting of wool, went in' 1928 to the U.SS.R. and partly to United States. Credit facilities provided to Chinese merchants in Harbin amounted to one million dollars, In the course of its six years' work the Dalbank was become the bank of foreign trade between China and the U.S.S.R. and an influential factor in local economies,
Text read from the printed page and cleaned; old type leaves the occasional error.